New York Review of Books pays $7.5M to estate of Milton Glaser for commercial property in Kips Bay

The New York Review of Books through the entity 207 E32 Realty LLC paid the estate of Milton Glaser through the Jacqueline Shirley Corporation $7.5 million for 207 East 32nd Street in Kips Bay. The deal closed on October 1, 2020, and was recorded on October 9, 2020. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 9,535 square feet. The parcel(s) have total development potential of 9,805 square feet.
The average sale price per square foot is $765.

The contract date was February 20, 2020. Adelaide Polsinelli of Compass brokered the sale, The Real Deal reported.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $92,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link