Marquand condo in Lenox Hill sells for $20.4M

The entity Coupa LLC paid $20.4 million to the McLennan Family Trust and Michael McLennan through the entity Panta Rhei LLC for condo (SC) unit 9EE at the Marquand at 11 East 68th Street in Lenox Hill, Manhattan.
The deal closed on August 18, 2021 and was recorded on September 1, 2021.
The property has 4,596 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $4,427 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 signatory for McLennan Family Trust and Michael McLennan was Ilyse Dolgenas. The signatory for Coupa LLC was Michael Feldman.
(121358627)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 29 residential units on February 22, 2018.
This is for unit 9EE.

Within a 400-foot radius of 11 East 68th Street, PincusCo identified 10 commercial real estate items of interests occurred over the past 24 months.
Of those 10 items, five were sales above $5 million totaling $150.4 million. The most recent of the five was Acuspi No. 1 Ltd which bought the 13,792-square-foot, two-unit two-family building (B9) on 11 East 69th Street for $53.5 million from David Levinson on June 30, 2021.
Of those 10 items, five were loans above $5 million totaling $75.8 million. The most recent of the five was 20 East 68th Street coperative which borrowed $12.8 million from Investors Bank secured by one condo unit in the 96,152-square-foot, 85-unit mixed-use building (RM) on 20 East 68th Street on April 15, 2021.

Direct link to Acris document. link