NYC Transit pays $4.9M to Imperial House co-op for property in Lenox Hill

New York City Transit Authority through the entity New York City Transit Authority paid Imperial House co-op’s 69th Tenants Corp. $4.9 million for a portion of 150 East 69th Street in Lenox Hill. The deal closed on August 31, 2020, and was recorded on October 1, 2020. The transaction consists of 3 parcels, including the tax class cooperative (D4). The property is 914,921 square feet.

The Imperial Co-op sold a portion of the first floor fronting on Lexington Avenue and underground space to the MTA to expand a subway entrance.

Over the past five years, there have been 77 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 77 renovation/alteration projects (A2) applied for with a total estimated value of $16,842,189. Those filings sought to increase the number of residential units by 376 to 28,734.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link