Manocherian Brothers pays $2.8M for 10-unit UES rental

Manocherian Brothers through the entity Supreme Company I LLC paid 402 Realty Company’s 402 Realty Company LLC $2.8 million for 402 East 73rd Street in the Upper East Side. The deal closed on October 26, 2020, and was recorded on November 13, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 10 residential units. The property is 5,148 square feet. The parcel(s) have total development potential of 5,148 square feet.
The average sale price per square foot is $544.

The contract date was October 5, 2020. The seller signatory was the same individual who signed for the seller of an industrial property that sold for $6 million in Astoria.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Alan Manocherian