Two mixed-use properties at 237-239 East 53rd Street, located between Second and Third Avenues in Manhattan’s Midtown East neighborhood was sold in an all cash transaction valued at $12,700,000.
Each property is approximately 12,588 square feet and sits on a 27’ x 100’ lot. There are three retail units in each property while 237 East 53rd Street has eighteen residential units and 239 East 53rd Street has seventeen residential units. The property benefits from its close proximity to the 6 train at the 51st Street station, the midtown office market, and restaurants and bars on Second Avenue. The sale price equates to $504 a square foot.
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Neighborhoods: Midtown East/ Agents: Clint Olsen, Paul Massey Jr.