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David A. Brause Acquires Murray Hill Office Building For $11.4M

Property Image
SOLD
$11,400,000

New York

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Office11,601 SF
Sold 06/14/2022
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Property Image
SOLD

David A. Brause Acquires Murray Hill Office Building For $11.4M

737 2nd Avenue, New York City, New York 10016, United States

See Similar Deals
Office11,601 SF
Sold 06/14/2022
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$982
Total Square Footage:11,601 SF
Transaction Type:Sale

A office building located at 737 2nd Avenue & 739 2nd Avenue in Murray Hill, Manhattan has been sold. The property, with a lot size of 1,660 square feet and dimensions of 20 ft x 83 ft, is zoned as C1-9. The sale took place on June 14, 2022, with a purchase price of $11,400,000. The building has a total square footage of 11,601 square feet and a price per square foot of $982. The last recorded sale of the property was on April 30, 2012, for a price of $7,300,000. Additionally, an alteration permit was obtained on April 1, 2016. The property has a floor area ratio (FAR) of 2.30 and is classified as tax class 4.

Summary of transaction details

  • Property Type: Office Building
  • Transaction Amount: $11,400,000
  • Building Square Footage: 11,601
  • Price per Square Foot: $982
  • Lot Size: 1,660
  • Last Sale Price: $7,300,000 (04/30/2012)
  • Permits: Alteration 2 (04/01/2016)
  • Lot Dimension: 20 ft x 83 ft

David A. Brause is the buyer of the property.

Players

DB
4 deals$40.4M volume
BUYER

Details

SOLD
IMAGE: 06/14/2022 ADDRESS: 737 2nd Avenue & 739 2nd Avenue MARKET: Murray Hill, Manhattan ASSET TYPE: Office Building ~ ZONING: C1-9 BUYER: David A. Brause PRICE: $11,400,000 BSF: 41,230 ~ PPBSF: $276 SF: 11,601 ~ PPSF: $982 FAR: 2.30 TAX CLASS: 4 LOT SIZE: 1,660 LAST SALE PRICE: $7,300,000 (04/30/2012) PERMITS: Alteration 2 (04/01/2016) LOT DIMENSION: 20 ft x 83 ft

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