
JLL Finalizes Sale of Upper East Side Parcel
JLL Capital Markets has completed the $32,325,000 sale of 1303-1309 Third Ave., a premier corner development site on Manhattan’s Upper East Side. The firm worked on behalf of seller Gastonia, LLC to complete the sale to buyer EJS Group.
The JLL Capital Markets team representing the seller was led by managing directors Guthrie Garvin and Jonathan Hageman; directors Jack Norton and Solomon Michailow; and New York investment sales chairman Bob Knakal.
“1303-1309 Third Ave. is a unique development opportunity with extraordinary potential,” said Garvin. “Its location within one of Manhattan’s most sought-after neighborhoods offers developers the chance to create a stand-out residential property.”
The assemblage, located at the southeast corner of Third Ave. and East 75th Street, provides more than 150 feet of wraparound frontage. JLL said the site is well positioned for a developer seeking to build in one of Manhattan’s most desirable and established neighborhoods.
- ◦Sale