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Successful Sale of 19 East 62nd Street, Upper East Side, Manhattan
Bob Knakal facilitated the sale of 19 East 62nd Street, a boutique office building located in the prestigious Upper East Side neighborhood of Manhattan. Closed on October 21, 1992, the property transitioned from a high-net-worth individual owner, Viola Rossi, to Don Suki Salon, a retailer seeking to establish a flagship user location.
This sale highlights Bob Knakal’s expertise in matching specialized buyers with user office properties in highly competitive Manhattan submarkets.
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Sale Details
With Bob Knakal’s strategic guidance, the sale secured favorable terms and a price reflective of the property’s prime location and functional layout, tailored to the buyer’s needs.
- Sale Price: $2,500,000
- Sale Date: October 21, 1992
- Buyer: Don Suki Salon (Retailer)
- Seller: Viola Rossi (High Net Worth Individual)
- Asset Class: Office, User
- Square Footage: 6,500
- Price per SF: $384.62
- Block / Lot: 1377 / 13
Property Details
This single-building property, at 19 East 62nd Street, offers a compact but well-located space ideal for retail or boutique office use. Its Upper East Side location places it in one of Manhattan’s most prestigious commercial corridors, attractive to specialty retailers and office users.
- Full Address: 19 East 62nd Street, New York, NY 10065
- Zoning: Office / Retail User
- Property Type: Boutique Office Building
- Square Footage: 6,500
Boutique Office Building Tailored for Retail Use
Don Suki Salon, a well-known retailer, sought a location that would blend office functionality with retail presence in a high-profile Manhattan neighborhood. Bob Knakal’s experience in user sales ensured the buyer could acquire a property fitting these criteria, navigating negotiations smoothly to meet both parties’ objectives.
Neighborhood Overview: Upper East Side
- One of Manhattan’s most prestigious and affluent neighborhoods
- Proximity to luxury retail and upscale residential buildings
- Close to major cultural institutions such as the Metropolitan Museum of Art
- High pedestrian traffic and excellent transit access
- Preferred area for boutique retail and specialty office uses
Conclusion
The sale of 19 East 62nd Street is a prime example of Bob Knakal’s ability to connect specialized retail users with boutique office properties in Manhattan’s competitive market. Through expert negotiation and local knowledge, the transaction met the distinct needs of both buyer and seller, enhancing the property’s role in the Upper East Side business landscape.
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Frequently Asked Questions
Q1: What type of property is 19 East 62nd Street?
A1: It is a boutique office building suited for user occupancy, including retail and specialty office uses.
Q2: Who was the buyer and what was their intended use?
A2: Don Suki Salon, a retailer, purchased the property for their flagship salon location.
Q3: How large is the property?
A3: The building offers approximately 6,500 square feet of space.
