ICYMI: Three Adjacent Upper East Side Walkups Sell For $42 Million

UPPER EAST SIDE, NY — A parcel containing three adjacent low-rise buildings on the Upper East Side is changing hands for $42 million. The deed for 310, 312 and 314 E. 86th St., located between First and Second avenues, was transferred to its new owners in February according to records filed with New York City on Wednesday.

Editor's note: Had a busy workweek? Check out one of the Upper East Side's top stories from this week, just in case you missed it.

The public records show that the properties were purchased by an entity named IGI E86 LLC from an entity named 310 East 86 LLC. The involvement of limited liability companies and the $42 million price tag likely means that this deal involves larger development companies.

The seller is supposedly a subsidiary of large development firm Extell Development and the buyer is a subsidiary of Izaki Group Investments, real estate publication The Real Deal reported. The new property owner will have the right to build a development as large as 71,240 square feet development up to 210 feet tall on the site, the Real Deal reported.

The site currently contains two three-story buildings and one four-story building, according to records filed with the city.

Photo by Google Maps street view