Gail Schargel Acquires Multifamily Property In Gramercy Park, Manhattan For $7.4M

The multifamily property located at 216 East 18th Street in Gramercy Park, Manhattan has been sold. The transaction took place on May 31, 2022. The property has a lot size of 2,300 square feet with dimensions of 25 ft x 92 ft. Its zoning is R7B, and it falls under tax class 1.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,400,000
• Buyer: Gail Schargel
• Seller: Josely Carvalho De Oliveira
• Building Square Footage: 4,991 sqft
• Price per Square Foot: $1,482
• Buildable Square Footage: 6,900 sqft
• Price per Buildable Square Foot: $1,072
• FAR: 2.17
• Permits: Alteration 2 (07/06/2001)

Gail Schargel was the buyer in this transaction, while Josely Carvalho De Oliveira served as the seller. The property was sold for $7,400,000, and it has a building square footage of 4,991 square feet. Additionally, the property has a buildable square footage of 6,900 square feet. The price per square foot for the property is $1,482, and the price per buildable square foot is $1,072. The FAR (Floor Area Ratio) of the property is 2.17. It is worth noting that the property underwent an alteration permit on July 6, 2001.