The Reel

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A blog for breaking sales and neighborhood real estate news.

A four-story townhouse at 352 East 51st Street, located between First and Second Avenues in Manhattan’s’ Sutton Place neighborhood, was sold in an all cash transaction valued at $2,600,000.

The townhouse is approximately 5,800 square feet and sits on a 20’ x 100.5’ lot.  There are seven residential units and a lower level commercial unit. The first floor is a floor-through two-bedroom apartment with garden access. The remaining floors consist of seven one-bedroom units. Of these residential units, three are rent stabilized and four are free market. The sale price equates to approximately $448 per square foot.

“This was a real life example of overseas buyers making an aggressive offer to close their first NYC purchase,” said Massey Knakal Director of Sales Clint Olsen who exclusively handled this transaction with Massey Knakal Director of Sales Hall Oster.

Click here for press release

Neighborhoods: Midtown East