Successful Sale of 20 East 67th Street in the Upper East Side, Manhattan
Bob Knakal successfully arranged the sale of 20 East 67th Street in the Upper East Side, Manhattan. In a noteworthy transaction on Manhattan’s prestigious Upper East Side, the 14-unit elevator building located at 20 East 67th Street was sold for $3,575,000. The property lies in one of New York City’s most sought-after neighborhoods, renowned for its elegance, cultural institutions, and proximity to Central Park.
The sale was facilitated by a seasoned team, securing a significant acquisition for Demosh Associates LLC, led by Arnold Goldstein. The seller, Duleff Realty Co., was represented by L. Elo.
Positioned on a tree-lined block between Madison and Fifth Avenue, the property offered investors a rare opportunity to acquire a boutique multifamily elevator building in one of Manhattan’s most stable and high-demand submarkets.
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Sale Details
This Upper East Side multifamily elevator property traded hands on April 2, 1996, for a total of $3,575,000, representing a price per square foot of $236.44.
- Sale Price: $3,575,000
- Price per SF/BSF: $236.44
- Buyer: Demosh Associates LLC (Arnold Goldstein)
- Seller: Duleff Realty Co. (L. Elo)
- Property Type: Multifamily - Elevator
- Sale Date: April 2, 1996
Key Description Highlights:
- Elevator-serviced multifamily building
- 14 total residential units
- Located in a high-demand corridor of the Upper East Side
- Close to Central Park and Museum Mile
Property Details
Situated just steps from Central Park and surrounded by landmarked townhouses, 20 East 67th Street, New York, NY 10065, is an elevator multifamily property comprising 15,120 square feet across 14 residential units.
Nestled between Madison and Fifth Avenue, the building benefits from a prestigious location known for its architectural integrity, quiet charm, and unbeatable proximity to luxury retail and cultural destinations.
Investment Highlights:
- Full Address: 20 East 67th Street, New York, NY 10065
- Stories: Elevator building (number of stories not disclosed)
- Square Footage: 15,120 SF
- Units: 14
- Zoning: R8B (contextual residential district)
- Borough: Manhattan
- Block & Lot: Block 1381, Lot 59
Market Strategy and Positioning
At the time of the sale, the Upper East Side multifamily market remained resilient, with stable long-term demand for residential rentals and conversions. The property at 20 East 67th Street fit the profile of institutional-grade assets highly sought after for their location, tenant profile, and long-term capital appreciation.
This elevator-serviced building provided investors with a balanced mix of scale and location — ideal for repositioning or long-term income generation. The 1996 market saw strong demand for Upper East Side product, with institutional and private buyers focusing on high-barrier-to-entry neighborhoods.
Neighborhood Overview
The Upper East Side is synonymous with prestige and timeless appeal. As one of New York’s most established neighborhoods, it attracts affluent tenants, long-term homeowners, and global investors alike.
Key Neighborhood Highlights:
- Steps from Central Park and Fifth Avenue’s Museum Mile
- Surrounded by luxury retail and restaurants on Madison Avenue
- Proximity to the Metropolitan Museum of Art and Frick Collection
- Stable rental market supported by world-class schools and hospitals
The building’s location near East 67th Street between Fifth and Madison Avenues places it in the heart of the Lenox Hill enclave — an area known for pre-war charm, quiet blocks, and access to everything Manhattan has to offer.
Conclusion
The successful sale of 20 East 67th Street underscores the enduring appeal of the Upper East Side multifamily market. With its prime location, elevator access, and well-configured units, this 14-unit property presented a unique opportunity for long-term investment value.
This transaction showcases the strategic acumen and deep market knowledge of the team that facilitated the deal, reinforcing the importance of precision and timing in Manhattan real estate.
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Frequently Asked Questions
Q1: What type of building is 20 East 67th Street?
It is a boutique elevator multifamily building located on the Upper East Side, consisting of 14 residential units.
Q2: What makes this location desirable for investors?
Its close proximity to Central Park, world-renowned museums, and luxury retail corridors makes it one of Manhattan’s most sought-after areas.
Q3: How large is the building?
The building has a total of 15,120 square feet across 14 residential units, offering an average of approximately 1,080 SF per unit.
