Michael Pasztor pays $10.1M for property in Lenox Hill, 39% below 2016 price
Michael Pasztor paid $10.1 million to Nicholas Dionisiou for two buildings in Lenox Hill in two separate transactions. The seller sold the properties for 39 percent less than the $16.1 million he bought them for in 2016.
In the first, Michael Pasztor through the entity 341 Tenor Realty LLC paid Nicholas Dionisiou’s NSD 341, LLC $5.5 million for 341 East 65th Street in Lenox Hill. The deal closed on October 22, 2020, and was recorded on November 16, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 20 residential units. The property is 10,060 square feet. The parcel(s) have total development potential of 10,846 square feet.
The sale price per unit is $275,225..
Dionisiou bought both properties for $16.5 million and sold them for $10.1 million, a decline of 39 percent. The contract date was May 5, 2020. The last time the property sold was August 3, 2016, for $8,250,000.
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 Michael Pasztor
In the second transaction, Michael Pasztor through the entity 343 Tenor Realty LLC paid Nicholas Dionisiou’s Nsd 343 LLC $4.6 million for 343 East 65th Street in Lenox Hill. The deal closed on October 22, 2020, and was recorded on November 16, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 20 residential units. The property is 10,060 square feet. The parcel(s) have total development potential of 10,846 square feet.
The sale price per unit is $229,775.
The last time the property sold was August 3, 2016, for $8,250,000.
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. There was one renovation/alteration project (A2) applied for with a total estimated value of $33,000.
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 Michael Pasztor