Lycee Francais pays $18.1M to Musano family for property in the Upper East Side

Lycee Francais de New York through the entity 1414 York Avenue LLC paid the Musano family’s 1414 York Realty LLC $18.1 million for 1414 York Avenue in the Upper East Side. The deal closed on March 4, 2021 and was recorded on March 12, 2021. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 16 residential units. The property is 17,787 square feet. The parcel(s) have total development potential of 17,787 square feet.
The sale price per unit is $1,131,250.

The contract date was November 6, 2020.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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