facebook
Traded Co logo
Submit

CBRE Represents Sale Of 107-109 East 89th Street Package Deal In Carnegie Hill For $7.5M

Property Image
SOLD
$7,500,000
Robert (Rob) Shapiro
Ian Brooks
+ 1

New York

See Similar Deals
Package Deal19,620 SF
Sold 12/11/2025
the dealplayerscompscontact
Property Image
SOLD

CBRE Represents Sale Of 107-109 East 89th Street Package Deal In Carnegie Hill For $7.5M

107 East 89th Street

See Similar Deals
Package Deal19,620 SF
Sold 12/11/2025
Robert (Rob) Shapiro
Ian Brooks
+ 1
Contact now

Summary

NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$382
Total Square Footage:19,620 SF
Transaction Type:Sale

This transaction involves a package deal of two contiguous multifamily buildings located at 107 and 109 East 89th Street in Carnegie Hill. The sale price was $7,500,000, with a total square footage of 19,620, resulting in a price per square foot of $382.

Summary of transaction details:

CBRE acted as the exclusive agent and sole broker in this transaction, successfully facilitating the sale of these 38 well-maintained apartments, marking the first sale of this property in nearly 50 years. The buildings are situated directly across from the Dalton School, underlining their prime location within one of Manhattan’s prestigious neighborhoods.

Players

Ian Brooks
50 deals$431.6M volume(212) 984-8107
BROKER

Robert (Rob) Shapiro
CBRE
78 deals$882.9M volume(212) 984-8082
BROKER

Nicholas Kontos
CBRE
30 deals$362.9M volume(857) 222-5411
BROKER

David Garcia
CBRE
11 deals$102.8M volume(212) 984-8000
BROKER

CBRE
BROKERAGE

Details

SOLD
IMAGE: Robert Shapiro, Ian Brooks, Nicholas Kontos & David Garcia DATE: 12/11/2025 ADDRESS: 107 & 109 East 89th Street MARKET: Carnegie Hill ASSET TYPE: Package Deal BROKERS: Robert Shapiro (@RMShapiro), Ian Brooks (@Eighteenhundo), Nicholas Kontos (@NYInvestmentSales) & David Garcia - CBRE (@CBRE) SALE PRICE: $7,500,000 SF: 19,620 ~ PPSF: $382 NOTE FROM BROKER: We are proud to announce that CBRE, as the exclusive agent and sole broker, has successfully arranged the sale of 107–109 East 89th Street, two contiguous multifamily buildings containing 38 well maintained apartments located in the heart of Carnegie Hill on the Upper East Side—directly across from the prestigious Dalton School. This marks the first sale of this property in nearly 50 years, underscoring its rarity and desirability in one of Manhattan’s most prestigious neighborhoods. Congratulations to all parties involved in this successful transaction!

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92