The Kabbalah Centre Acquires Two Family Brick In Kips Bay, Manhattan For $6M

The two-family brick property located at 247 East 32nd Street in Kips Bay, Manhattan, has been sold in a recent transaction. The asset is classified as a B1 property, with a zoning designation of R8B. The property spans 4,941 square feet and was sold at a price of $6,000,000, which equates to approximately $1,214 per square foot.

Summary of transaction details

• Property Type: Two Family Brick (B1)
• Transaction Amount: $6,000,000
• Address: 247 East 32nd Street, Kips Bay, Manhattan
• Market: Kips Bay, Manhattan
• Buyer: The Kabbalah Centre - Angelo A Federico
• Seller: Michael L Landsman
• Brokers: Matthew Lesser, Ravi Kantha, & Sophie Smadbeck - Leslie J Garfield

The buyer, The Kabbalah Centre represented by Angelo A Federico, acquired the property from the seller, Michael L Landsman. The transaction was facilitated by brokers Matthew Lesser, Ravi Kantha, & Sophie Smadbeck of Leslie J Garfield. It is worth noting that this property had previously been sold on February 27, 2012, for a price of $2,400,000.