John P McCarthy And Steve Dluzyn Acquire Multi Family Property In Yorkville, Manhattan For $13.25M

Located in the Yorkville neighborhood of Manhattan, the multi-family property at 514 East 88 Street has changed hands in a recent sale. The transaction took place on November 9, 2021, with Lisa Cohn selling the property to John P McCarthy and Steve Dluzyn. The property boasts a total square footage of 17,870 and a buildable square footage of 20,132, with a price per square foot of $741. The sale price for this asset was $13,250,000, indicating a price per buildable square foot of $658.

Summary of transation details

• Property Type: Multi Family
• Transaction Amount: $13,250,000
• Market: Yorkville, Manhattan
• Address: 514 East 88 Street
• Buyer: John P McCarthy and Steve Dluzyn
• Seller: Lisa Cohn
• Square Footage: 17,870
• Price per Square Foot: $741
• Buildable Square Footage: 20,132
• Price per Buildable Square Foot: $658

Furthermore, the property has a Floor Area Ratio (FAR) of 3.55, indicating its development potential. The tax class assigned to the property is 2, suggesting its residential use. The lot size spans 5,033 square feet, with dimensions of 50 feet by 100.67 feet. It is worth noting that the property had previously sold for $7,648,848 on February 25, 2005.