The Reel

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A blog for breaking sales and neighborhood real estate news.

A townhouse, located at 158 East 81st Street between Lexington and Third Avenues on Manhattan’s Upper East Side neighborhood, was sold in an all-cash transaction valued at $9,245,000.

This four-story townhouse contains approximately 4,160 square feet with a 50 foot rear yard and sits on a 20’ x 104.33’ lot. There are approximately 4,188 of air rights remaining.  The sale price equates to approximately $2,222 per square foot.

This property is not Landmarked or located in the Historic District, allowing opportunity to alter the building if one chooses to do so.  This magnificent home is located in the heart of the Upper East Side, on a highly desirable block in an extremely sought after location.

“The townhouse market remains red-hot and the bidding for this property was highly competitive.  There were multiple bidders and multiple rounds of bidding and we are thrilled to have achieved over $2,200 per square foot for a townhouse in need of renovation,” said Guthrie Garvin, who exclusively handled this transaction with Thomas D. Gammino, Jr.

Click here for press release

Neighborhoods: Upper East Side