Gerald Kestenbaum Acquires SFR In Carnegie Hill From Julie Tran For $9.85M

The transaction took place on July 21, 2021, at 105 East 80th Street in the Carnegie Hill neighborhood. The property is a single-family residential (SFR) dwelling with a zoning classification of R8B and PI. The buyer, Gerald Kestenbaum, acquired the property from the seller, Julie Tran, for a total price of $9,850,000. The building has a total square footage (BSF) of 7,356, resulting in a price per square foot (PPSF) of $1,339. The interior space spans across 6,087 square feet, translating to a price per square foot (PPSF) of $1,618. The floor area ratio (FAR) is 3.31, and the tax class is 1. The lot size measures 1,839 square feet, with lot dimensions of 18 feet by 102.17 feet. The property previously underwent an alteration permit of type 3 on April 28, 2009.

Summary of transaction details:

• Property Type: Single-Family Residential (SFR)
• Transaction Amount: $9,850,000
• Market: Carnegie Hill
• Zoning: R8B, PI
• Buyer: Gerald Kestenbaum
• Seller: Julie Tran
• Price per Square Foot (PPSF): $1,339
• Total Square Footage (BSF): 7,356
• Interior Square Footage (SF): 6,087
• Price per Square Foot (PPSF): $1,618
• Floor Area Ratio (FAR): 3.31
• Tax Class: 1
• Lot Size: 1,839
• Permits: Alteration type 3 (04/28/2009)
• Lot Dimensions: 18 ft x 102.17 ft

Notable participants in the transaction include the buyer's representative, Gerald Kestenbaum, and the seller, Julie Tran. The deal signifies a significant real estate transaction in the Carnegie Hill market. The property's characteristics and transaction details highlight its value and potential for future development.