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EJS Group Acquires Upper East Side Development Site For $32.3M

1303 & 1309 Third Avenue
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This Development Site property located in NY was sold for $32,325,000 about 3 years ago. The brokers of the deal were Solomon Michailow, Jack Norton, Guthrie Garvin, Robert (Bob) Knakal, and Jonathan (Jon) Hageman

The development site at 1303 & 1309 Third Ave. on the Upper East Side has been sold for a price of $32,325,000. The site has a lot dimension of 82.17 ft x 94.7 ft and offers a total buildable square footage (BSF) of 75,000 with a price per buildable square footage (PPBSF) of $431. This prime location presents a great opportunity for development in the vibrant Upper East Side market.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $32,325,000
  • Address: 1303 & 1309 Third Ave.
  • Market: Upper East Side
  • Buildable Square Footage (BSF): 75,000
  • Price per Buildable Square Footage (PPBSF): $431

The buyers of this development site are EJS Group. The deal was facilitated by brokers Guthrie Garvin, Bob Knakal, Jonathan Hageman, Solomon Michailow, and Jack Norton from JLL. Their expertise and market knowledge played a crucial role in the successful transaction. This acquisition showcases the strong demand for development opportunities in the Upper East Side market.

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Deals
  • Location
    1303 Third Ave, Manhattan, New York, NY, USA1303 Third Ave, Manhattan, New York, NY, USA
  • Sale Price
    $32,325,000$32,325,000
    $431 PPSF$431 PPSF
  • Area
    75,000 SF75,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Solomon Michailow

Solomon Michailow

Deals11
Financed$94.2M

Robert (Bob) Knakal

Robert (Bob) Knakal

Deals51
Sold$2.4B

Jonathan (Jon) Hageman

Jonathan (Jon) Hageman

Deals41
Financed$1.7B

Jack Norton

Jack Norton

Deals15
Sold$303.4M

Guthrie Garvin

Guthrie Garvin

Deals29
Sold$527.4M

Agencies

S2 Property Group

S2 Property Group

Agency
Deals11
Volume$159.6M

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Bob Knakal, Solomon Michailow, Guthrie Garvin, Jack Norton & Jonathan Hageman DATE: 03/04/2021 ADDRESS: 1303 & 1309 Third Ave. MARKET: Upper East Side ASSET TYPE: Development Site ~ FAR: 10 BUYER: EJS Group BROKERS: Guthrie Garvin, Bob Knakal (@BobKnakalNYC), Jonathan Hageman, @SolomonMichailow & Jack Norton @JLL SALE PRICE: $32,325,000 BSF: 75,000 ~ PPBSF: $431 LOT DIMENSIONS: 82.17 ft x 94.7 ft

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1303 & 1309 Third Avenue

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