Irene Koch Acquires Multi-Use Properties In Lenox Hill, Manhattan For $57.3M

The property located at 517 & 523 East 73 Street, 512 & 522 East 74 Street, and 429 East 75 Street in Lenox Hill, Manhattan was sold on December 22, 2021. The asset is a multi-use property with a zoning classification of R8B and M1-4. The buyer, Irene Koch, purchased the property from the seller, Louis Shapiro, for a price of $57,333,940.

Summary of transaction details

• Property Type: Multi Use
• Transaction Amount: $57,333,940
• Market: Lenox Hill, Manhattan
• Zoning: R8B, M1-4

The property has a building square footage (BSF) of 66,408 with a price per BSF (PPBSF) of $863. The total area of the property is 70,682 square feet, with a price per square foot (PPSF) of $811. The floor area ratio (FAR) is 2.00, and the property falls under tax class 4.

The lot size of the property is 10,217 square feet, with dimensions of 100 feet by 102.17 feet. The last recorded sale of the property took place on December 14, 2012, with a sale price of $31,000,000.