Premier Equities Acquires Mixed-use Property In Upper East Side For $43.25M

The mixed-use property located at 1231 3rd Avenue in the Upper East Side was recently sold in a closed transaction on December 24, 2021. The property spans 41,279 square feet, with a price per square foot of $1,047. The total sale price amounted to $43,250,000. Premier Equities acquired the property from the Chetrit Group.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $43,250,000
• Address: 1231 3rd Avenue
• Market: Upper East Side
• Buyer: Premier Equities (@PremierEquities)
• Seller: Chetrit Group
• Broker: Henry Bodek - Galaxy Capital
• Square Footage: 41,279
• Price Per Square Foot: $1,047

Hailing from Galaxy Capital, Henry Bodek represented Premier Equities in the deal, facilitating the acquisition of the property. This recent transaction in the Upper East Side showcases the vibrant real estate market in the area.