Midtown East Apartment Sells for 5.85M
Midtown East Apartment Building Sells for 5.85M
Itzhaki Properties (IPR B&H, Inc.) proudly announces the sale of 247 East 52nd Street on the east side of midtown Manhattan in Turtle Bay. Amir Aframian represented both the seller and buyer in the Off-Market transaction. The property is a five story (8,130 square foot) apartment building, located between 2nd and 3rd avenues and consists of 14 studios, two one-bedroom apartments, and two two-bedroom duplexes.
The property is located in the vicinity of several luxury and boutique hotels as well as international consulates. “I have had a lot of activity in Midtown East; the real estate is rich and our investors are eager to get a piece of it,” said Aframian. The property is one block from the 53rd St E & M subway station and the 51st St 6 subway station. “This sale clearly shows the strength of the market and where our buyers are looking for stable properties to purchase,” said Yona Edelkopf CEO of Itzhaki Properties. The Property sold for $5,850,000.