Sara Mershad Acquires Multifamily Property On East 80 Street In Carnegie Hill For $18.5M

Located at 12 East 80 Street in the Carnegie Hill neighborhood of Manhattan, this multifamily property was recently sold in a closed transaction. The property is zoned as R8B, LH-1A, making it suitable for multifamily use. The transaction took place on October 29, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Address: 12 East 80 Street
• Market: Carnegie Hill, Manhattan

The buyer of the property is Sara Mershad, while the seller is Meir Abramoff. Sabrina Saltiel from Douglas Elliman represented both parties in this transaction.

Measuring approximately 8,172 square feet, the property has a price per square foot (PPSF) of $2,263. The total square footage (SF) is 7,784, resulting in a PPSF of $2,376. The building on the property has a floor area ratio (FAR) of 3.81 and falls under tax class 1. The lot size is 2,043 square feet, with dimensions of 20 feet by 102.17 feet. The property has undergone an alteration permit in the past, specifically an Alteration 3 permit issued on June 12, 2014.