David R. Mashaal Acquires Old Law Tenement In Lenox Hill, Manhattan For $5.1M

An Old Law Tenement located at 326 East 74th Street in Lenox Hill, Manhattan has been sold in a transaction that closed on July 7, 2022. The property, with a lot size of 2,554 square feet, is zoned as R8B and has a floor area ratio (FAR) of 2.16. Previously, the property had undergone an alteration permit in May 17, 2019.

Summary of transaction details

• Property Type: Old Law Tenement
• Transaction Amount: $5,133,956
• Market: Lenox Hill, Manhattan
• Buyer: David R. Mashaal
• Seller: Martin Hollander
• Building Square Feet (BSF): 10,216
• Price per Building Square Foot (PPBSF): $502
• Total Square Feet (SF): 5,517
• Price per Square Foot (PPSF): $930
• Tax Class: 2
• Lot Size: 2,554 square feet
• Lot Dimension: 25 ft x 102.17 ft

The buyer of the property, David R. Mashaal, acquired the Old Law Tenement from the seller, Martin Hollander. This transaction involved an amount of $5,133,956 and a building with a total square footage of 5,517. The purchase price per square foot was $930, while the price per building square foot was $502. The property is classified under tax class 2 and has a lot dimension of 25 ft x 102.17 ft.