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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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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