Lenox Hill townhouse sells for $56M

The entity 12e63 LLC paid $56 million to Panorama Trust through the entity Greenfield Properties II LLC for the single-family townhouse at 12 East 63rd Street in Lenox Hill, Manhattan.
The deal closed on January 24, 2022 and was recorded on February 3, 2022.
The property has 10,724 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $5,221 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on April 15, 2010, for $19.7 million.
The signatory for Panorama Trust was Craig Dix. The signatory for 12E63 LLC was Mark D. Rich.

(104091812)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on January 10, 2022.
In Lenox Hill, the majority, or 56 percent of the 91.2 million square feet of built space are residential elevator buildings, with specialty buildings next occupying 17 percent of the space. In sales, Lenox Hill has the 3rd highest sale turnover among other neighborhoods in the city with $2.2 billion in sales volume in the last two years. For development, Lenox Hill has had very little major development activity relative to other neighborhoods.It had 436,108 square feet of commercial and multi-family construction under development in the last two years, which represents 0.48 percent of the neighborhood’s built space.
On the tax block, the majority, or 43 percent of the 917,517 square feet of built space are residential elevator buildings, with hotel buildings next occupying 16 percent of the space.
Within a 400-foot radius of 12 East 63rd Street, Pincusco identified 20 commercial real estate items of interests occurred over the past 24 months.
Of those 20 items, four were for major renovation including a certificate of occupancy change. They were two permits with a total initial cost of $12.8 million and two initial temporary certificate of occupancy issuances for projects that initially costed $26.4 million. The most recent of these four items was the permit on May 21, 2021 for a 10,230-square-foot R-2 building with four residential units at 3 E 63rd St.
Of those 20 items, six were sales above $5 million totaling $180.5 million. The most recent of the six was SL Green Realty which bought the 6,620-square-foot, one-unit mixed-use building (K4) on 690 Madison Avenue for $74 million from Ashkenazy Acquisition on October 12, 2021.
Of those 20 items, 10 were loans above $5 million totaling $406.7 million. The most recent of the 10 was Knickerbocker Club, Inc. which borrowed $5 million from First Republic Bank secured by the 24,167-square-foot, 18-unit hotel (H5) on 805 5th Avenue on December 22, 2021.

Direct link to Acris document. link