Robert Lemle Acquires Mixed-Use Property On Upper East Side For $5.975M

The mixed-use property located at 1388 2nd Avenue on the Upper East Side has been sold in a closed transaction for a price of $5,975,000. Spanning 6,000 square feet, the property boasts a price per square foot of $995. The asset consists of 11 units, with a price per unit of $543,181.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,975,000
• SF: 6,000
• PPSF: $995
• Units: 11
• PPU: $543,181

The buyer of the property was Robert Lemle, while the seller was Domax Realty, represented by Shari Field Taub. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Danny Handweiler, and Jared Bernstein.