Mehran Dayanzadeh pays $4.6M to Dunn family for 20-unit UES rental

Mehran Dayanzadeh through the entity 328 East LLC paid $4.6 million to Robert Dunn and Joan Dunn through the entity 328 East 84th Street, LLC for 20-unit rental (C1) at 328 East 84th Street in Upper East Side, Manhattan.
The deal closed on September 24, 2021 and was recorded on October 26, 2021.
The property has 8,420 square feet of built space and 1,787 square feet of additional air rights for a total buildable of 10,216 square feet according to PincusCo analysis of city data. The sale price per built square foot is $546 and the price per buildable square foot is $450 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 Robert Dunn and Joan Dunn was Robert J. Dunn. The signatory for Mehran Dayanzadeh was Mehran Dayanzadeh.
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.
The former owners according to the Department of Housing Preservation and Development included Robert Dunn, head officer and Joan Dunn, officer. The business entity was 328 East 84th St Llc.

Within a 400-foot radius of 328 East 84th Street, PincusCo identified nine commercial real estate items of interests occurred over the past 24 months.
Of those nine items, one was in new building development. It was a new building permit application filed on October 1, 2021 for a 84,266-square-foot R-2 building with 70 residential units at 300 East 83rd Street.
Of those nine items, two were for major renovation including a certificate of occupancy change. They were two initial temporary certificate of occupancy issuances for projects that initially costed $2.2 million. The most recent of these two items was the temporary certificate of occupancy on November 12, 2020 for a 800-square-foot R-3 building with two residential units at 344 East 84th Street.
One of those nine items was a sale which Efficiency Capital Advisors bought the 8,395-square-foot, 10-unit rental (C1) on 312 East 83rd Street for $10.2 million from Ventura family on January 7, 2021.
Of those nine items, five were loans above $5 million totaling $53.7 million. The most recent of the five was Rybak Development which borrowed $30 million from Bank Leumi secured by the development site (V1) on 333 East 82nd Street on January 5, 2021.

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