Khin Aue Kyawt Acquires Multifamily Property In Lenox Hill, Manhattan For $5.82M

The property involved in this transaction is a multifamily asset located at 1435 2 Avenue in the Lenox Hill neighborhood of Manhattan. The property is zoned as C1-9 and has a floor area ratio (FAR) of 3.19. The tax class for the property is 2B. The property has a lot dimension of 18.92 ft x 72 ft. The sale took place on September 23, 2022, with a total purchase price of $5,820,000. The building has a total square footage (BSF) of 13,620, with a price per square foot (PPSF) of $427. The property itself spans 4,345 square feet, with a price per square foot (PPSF) of $1,339. The previous sale of the property was on October 26, 2015, for a price of $2,306,565. There was also an alteration 2 permit issued for the property on May 22, 2018.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,820,000
• Zoning: C1-9
• FAR: 3.19
• Tax Class: 2B
• Lot Dimension: 18.92 ft x 72 ft

The buyer in this transaction is Khin Aue Kyawt, while the seller is Tarek Alam.