Gale Elston Acquires Single Family Home On East 62 Street For $8M

A single-family property located at 218 East 62 Street in Lenox Hill, Manhattan, was recently sold in a closed transaction. The property is zoned as R8B and has a lot size of 1,883 square feet, with dimensions of 18.75 ft x 100.42 ft. The property has a building square footage (BSF) of 7,532 and a price per BSF (PPBSF) of $1,062. The total square footage (SF) of the property is 4,138, with a price per square foot (PPSF) of $1,933. The property was sold with a floor area ratio (FAR) of 2.20 and is classified as tax class 1. The previous sale of the property was recorded at $0.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $8,000,000
• Address: 218 East 62 Street, Lenox Hill, Manhattan
• Market: Lenox Hill, Manhattan
• Buyer: Gale Elston
• Seller: James R Ledley
• Lot Size: 1,883 square feet
• Last Sale Price: $0

The buyer of the property is Gale Elston, while the seller is James R Ledley. The transaction amount for the sale was $8,000,000. The property's unique characteristics include its zoning as R8B, a lot size of 1,883 square feet, and a building square footage (BSF) of 7,532 with a price per BSF (PPBSF) of $1,062. The property has a total square footage (SF) of 4,138 with a price per square foot (PPSF) of $1,933. The transaction was classified as tax class 1, and the previous sale of the property was recorded at $0.