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Successful Sale of 162 East 83rd Street in the Upper East Side, Manhattan
Bob Knakal orchestrated the sale of 162 East 83rd Street, a boutique elevator townhouse located in Manhattan’s prestigious Upper East Side. The property was sold for $7,300,000, achieving a remarkable price of $1,583 per square foot.
The sale involved a rare type of asset for the neighborhood: a full townhouse featuring elevator access and a multifamily layout, offering a unique blend of privacy, vertical efficiency, and potential for single-user or mixed-use occupancy.
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Sale Details
The transaction closed on July 16, 2015, and attracted interest from boutique firms, private investors, and users seeking conversion opportunities.
- Sale Price: $7,300,000
- Buyer: Adam Sanders, Sanders Legal Group
- Seller: Kane Kessler
- Property Type: Elevator Townhouse, Multifamily
- Location: 162 East 83rd Street, Manhattan, NY
- Square Footage: 4,610
- Price per SF: $1,583.51
- Closing Date: July 16, 2015
The building’s elevator feature and prime location east of Lexington Avenue made it a standout among typical walk-up townhouses in the area.
Property Details
- Address: 162 East 83rd Street
- Asset Class: Multifamily – Elevator, Townhouse
- Total SF: 4,610
- Configuration: One building on one lot
This property offered a rare elevator-equipped layout, ideal for legal, medical, or professional use, and was well suited for conversion to a live-work or full-residential format.
Market Strategy and Buyer Appeal
Bob Knakal’s team positioned the building to appeal to users looking for an Upper East Side address with flexibility—whether as a high-end residence or a boutique office conversion.
The buyer, a legal firm, saw the opportunity to customize the building for both office functionality and client-facing space, taking advantage of the elevator feature and prime location.
Neighborhood Overview
The Upper East Side is one of New York’s most established and sought-after neighborhoods, offering:
- Proximity to Central Park and Museum Mile
- Highly accessible transportation including the 4/5/6 and Q trains
- Renowned schools, medical institutions, and cultural landmarks
- Quiet, tree-lined blocks mixed with elegant townhouses and luxury buildings
Conclusion
The $7.3M sale of 162 East 83rd Street demonstrates Bob Knakal’s expertise in navigating niche asset classes like elevator townhouses and multifamily conversions. His strategic outreach and understanding of buyer profiles helped secure a premium outcome for the seller.
This transaction highlights how detailed property positioning and local market knowledge can yield exceptional results in Manhattan’s Upper East Side townhouse market.
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