Iair M Rosenkranz Acquires Commercial Property In Central Midtown, Manhattan For $6.5M

The commercial property located at 122 East 55th Street in Central Midtown, Manhattan has been sold in a transaction that took place on April 13, 2022. The property is zoned as C5-2 and has a lot size of 1,883 square feet with dimensions of 18.75 ft x 100.42 ft. It has a floor area ratio (FAR) of 2.91 and falls under tax class 4. The transaction involved a total sale price of $6,500,000.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $6,500,000
• Zoning: C5-2
• Lot Size: 1,883 square feet
• Lot Dimensions: 18.75 ft x 100.42 ft

The buyer in this transaction is Iair M Rosenkranz, while the seller is Takouhy Wise. The property has a building square footage (BSF) of 18,830, resulting in a price per BSF of $345. Additionally, the property has a total area of 5,480 square feet, leading to a price per square foot (PPSF) of $1,186.