A townhouse at 107 East 37th Street, located between Park and Lexington Avenues in Manhattan’s Murray Hill neighborhood, was sold in an all cash transaction valued at $5,250,000.
The five-story elevatored townhouse is approximately 8,296 square feet and sits on a 21’ x 99’ lot. This meticulously maintained property, just steps from Park Avenue, is comprised of six residential apartments. The ground and parlor floors consist of a completely renovated and modernized spacious owner’s duplex with a master suite and study which will be delivered vacant and move-in ready. The third floor consists of a renovated two-bedroom unit with a balcony and a rent stabilized one-bedroom unit in the rear. The fourth floor is a renovated floor-through three-bedroom, one and half bathroom unit with a large tiled and landscaped terrace. The fifth floor has a renovated one-bedroom apartment and a rent stabilized one-bedroom unit in the rear.
In addition, the property is conveniently located near Grand Central Terminal providing excellent public transportation options within close walking distance. The sale price equates to approximately $633 per square foot.
“In just under two months we identified the perfect user who plans to hold the renovated duplex as a pied-a-terre and collect the income from the other five apartments,” said Massey Knakal Vice Chairman and Partner John F. Ciraulo who exclusively handled this transaction with Director of Sales Michael A. Azarian.
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Neighborhoods: Murray Hill/ Agents: John Ciraulo