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Dr. Brian Chung Acquires Office On 311 E. 79th St. For $6.35M

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SOLD
$6,350,000

New York

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Office5,494 SF
Sold 06/16/2022
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Property Image
SOLD

Dr. Brian Chung Acquires Office On 311 E. 79th St. For $6.35M

311 East 79th Street, New York City, New York 10075, United States

See Similar Deals
Office5,494 SF
Sold 06/16/2022
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1,155
Total Square Footage:5,494 SF
Transaction Type:Sale

The property in question is located at 311 E. 79th St. in the Upper East Side. It is an office space within the Continental Tower Condominium, consisting of three contiguous commercial condominium units on the 2nd floor. The designated medical offices have their own private entrance and elevator, situated on East 79th Street just off 2nd Avenue. The sale transaction took place on 06/16/2022, with a sale price of $6,350,000. The total square footage of the property is 5,494, resulting in a price per square foot of $1,155.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,350,000
  • Date: 06/16/2022
  • Address: 311 E. 79th St.
  • Market: Upper East Side

The buyer of the property is Dr. Brian Chung, while the seller is James B. Ross. Representing the buyer is Clara Chung from Douglas Elliman, and representing the seller are Brett Weisblum and Seth Pollack from Cushman & Wakefield. It is worth noting that there is a strong medical tenant already in place, occupying all three units with renewal options.

If you have any inquiries or would like more information about the sale, you may contact Brett Weisblum at [email protected] or reach them at (212) 660-7784.

Players

Brett Weisblum
16 deals$142.5M volume
BROKER

Seth Pollack
Cushman & Wakefield
5 deals$48.9M volume
BROKER

Clara Chung
Douglas Elliman
1 deal$6.4M volume
BROKER

Details

SOLD
IMAGE: Brett Weisblum DATE: 06/16/2022 ADDRESS: 311 E. 79th St. MARKET: Upper East Side ASSET TYPE: Office BUYER: Dr. Brian Chung SELLER: James B. Ross BUYER’S REP: Clara Chung - Douglas Elliman (@DouglasElliman) SELLER’S REP: Brett Weisblum (@Brett_Weisblum) & Seth Pollack - Cushman & Wakefield (@CushWake) SALE PRICE: $6,350,000 SF: 5,494 ~ PPSF: $1,155 NOTE FROM BROKER: 311 East 79th Street are three contiguous commercial condominium units located on the 2nd floor of the Continental Tower Condominium. The designated medical offices have their own private entrance & elevator located on East 79th Street just off 2nd Avenue. There is a strong medical tenant in place that occupies all three units with renewal options. Please reach out: [email protected] (212) 660-7784

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