Successful Sale of 113 East 77th Street in Lenox Hill, Manhattan
Bob Knakal successfully arranged the sale of 113 East 77th Street, a 4,500-square-foot user-occupied townhouse located in the Lenox Hill section of the Upper East Side. The property was acquired by Lenox Hill Hospital and previously owned by Dunbar R. Bostwick, a private individual. This classic Upper East Side townhouse offered direct street access and ample interior space, making it an ideal fit for institutional or end-user acquisition.
User Building Sales - For the complete list click here User Buildings
Sale Details
On November 24, 1995, 113 East 77th Street closed for $1,775,000, equating to $394.44 per square foot. The transaction was facilitated off-market and involved a direct sale from a private owner to a major healthcare institution.
- Sale Price: $1,775,000
- Price per SF: $394.44
- Buyer: Lenox Hill Hospital
- Seller: Dunbar R. Bostwick
- Property Type: Townhouse, User
- Sale Date: November 24, 1995
Notable Features:
- 4,500 SF of usable interior space
- Ideal for institutional or medical use
- Located in the highly accessible Lenox Hill section of Manhattan
- Quiet, tree-lined residential block with strong demand from healthcare and user buyers
Property Details
113 East 77th Street sits mid-block between Park Avenue and Lexington Avenue, placing it within a premier section of Lenox Hill on the Upper East Side. The property is positioned within Community District 8 and is a short walk from major transit stops, including the 6 and Q subway lines.
While not landmarked, the building fits the neighborhood’s signature prewar aesthetic. Its wide frontage and full-lot depth make it a rare find in one of Manhattan’s most tightly held townhouse submarkets.
Property Address: 113 East 77th Street, New York, NY 10075
Investment Highlights:
- Year Built: Estimated prewar
- Lot Size: Standard Upper East Side townhouse dimensions
- Total SF: 4,500
- Zoning: Residential use, with possible institutional allowance under community facility use (Lenox Hill Hospital)
Market Strategy and Positioning
At the time of sale, the Upper East Side townhouse market was known for limited availability, particularly for institutional or user buyers seeking non-condo, free-standing buildings. Bob identified Lenox Hill Hospital as a natural end-user due to its proximity and expansion needs, enabling a direct and efficient transaction. This off-market strategy avoided unnecessary exposure while maximizing value for both parties.
Neighborhood Overview
Lenox Hill is a well-established and prestigious enclave within the Upper East Side, known for its blend of residential calm and institutional anchors.
Neighborhood Highlights:
- Close proximity to Central Park and Museum Mile
- Home to some of NYC’s most prestigious private schools and hospitals
- Nearby cultural institutions: The Frick Collection, Asia Society Museum
- Quiet, tree-lined streets with consistent buyer demand
This area continues to attract end-users—especially institutions and affluent individuals—looking for adaptable space in a central Manhattan location.
Conclusion
The sale of 113 East 77th Street illustrates Bob’s ability to match specialized end-user buyers with under-the-radar opportunities in New York’s most competitive neighborhoods. This transaction highlights the enduring value of Upper East Side townhouse properties, particularly in submarkets like Lenox Hill, where user demand continues to outpace supply.
With decades of experience facilitating both public and off-market sales across Manhattan, Bob continues to set the standard for expertise, discretion, and results-driven advisory services.
Learn More About New York Real Estate
Explore our exclusive online magazine to discover remarkable New York real estate deals and Success Stories from the city and surrounding areas.
Frequently Asked Questions
Q1: What type of property is 113 East 77th Street?
It is a user-occupied townhouse formerly owned by a private individual and acquired by Lenox Hill Hospital.
Q2: What made this property attractive to Lenox Hill Hospital?
Its close proximity to the hospital’s main campus and its large 4,500 SF layout made it ideal for administrative or healthcare-related functions.
Q3: Is 113 East 77th Street located in a historic district?
No, the building is not located in a designated historic district, but it retains classic Upper East Side architectural charm.
