The Reel

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A blog for breaking sales and neighborhood real estate news.

A single family townhouse at 113 East 61st Street, located between Park and Lexington on Manhattan’s Upper East Side, was sold in an all cash transaction valued at $8,300,000.

The six-story property is approximately 5,700 square feet and sits on a 19’ x 100.42’ lot.  The home features beautiful architectural detail throughout. There are eight wood burning fireplaces, a 50 foot rear garden and an elevator that provides access from the first to the fifth floor. This property is located on a beautiful tree-lined street just two blocks from Central Park and is in close proximity to some of the best restaurants, schools and cultural attractions that Manhattan has to offer. The sale price equates to $1,456.14per square foot.

“This property was bank-owned after a foreclosure and was last used as an office for a hedge fund,” said Massey Knakal First Vice President of Sales Guthrie Garvin who exclusively handled this transaction with Chairman Robert A. Knakal. “The new plan is to convert it back into a single family townhouse,” added Garvin.

Click here for press release

Neighborhoods: Upper East Side