FAW Trust Acquires Co-op In Carnegie Hill For $35M

The co-op property located at 1107 Fifth Avenue in Carnegie Hill has been sold. The transaction took place on January 19, 2022, with a sale price of $35,000,000. The property spans across 136,240 square feet, resulting in a price per square foot of $256. The lot size measures 12,096 square feet, with dimensions of 100.67 feet by 120 feet. The property is classified as a tax class 2 and has a floor area ratio (FAR) of 11.26. The permits for an alteration were obtained on November 15, 2021.

Summary of transaction details:

• Property Type: Co-op
• Transaction Amount: $35,000,000
• Market: Carnegie Hill
• Zoning: R10, PI
• SF: 136,240
• PPSF: $256
• Lot Size: 12,096
• Tax Class: 2
• Permits: Alteration (11/15/2021)
• Lot Dimension: 100.67 ft x 120 ft

FAW Trust has purchased the property from Richard Eisner of EisnerAmper and Carole Eisner. Richard Eisner represented himself and Carole Eisner in the deal.