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

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.