Damien Smith Of Prosper Property Group Acquires Multifamily Asset In Carnegie Hill For $12.6M

The transaction involved a multi-family residential building at 1276 Lexington Avenue in Carnegie Hill, Manhattan. The property features a total square footage of 16,295 and comprises nine residential units. The sale price for this asset was $12,600,000, translating to a price per square foot of $773 and a price per unit of $1,400,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $12,600,000
• Address: 1276 Lexington Avenue
• Market: Carnegie Hill, Manhattan
• Square Footage: 16,295
• Price per Square Foot: $773
• Units: 9
• Price per Unit: $1,400,000
• Buyer: Damien Smith - Prosper Property Group
• Seller: Dennis Riese - Riese Organization
• Transaction Date: 08/26/2026

Damien Smith represented Prosper Property Group in the acquisition, purchasing the property from Dennis Riese of Riese Organization, completing the deal on August 26, 2026.