New York City · Commercial sale

1527 Prop Co buys 1531 York Avenue in Manhattan for $17.5 million

An apartment building at 1531 York Avenue, Manhattan sold for $17,500,000 on October 9, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published November 13, 2026

Sold October 9, 2026 · New York, New York

Aerial view of 1531 York Avenue, Manhattan with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale. See the full listing on Zillow.

Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale. See the full listing on Zillow.

Sale price: $17,500,000
Sold: October 9, 2026
Property type: Apartment building
Building area: 5,250 sq ft
Year built: 1910

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgOctober 9, 2026

Seller's estimated net sheet

1531 York Avenue, Manhattan

Sale price	$17,500,000
Prorations
Property tax proration (refund to seller)	$208,849.32
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$70,000
NY State additional transfer tax (NYC non-residential $2M+)	$43,750
NYC real property transfer tax (commercial/other)	$459,375
Other costs
Wire / courier / payoff processing	$75
Total deductions	$574,950
Estimated net to seller	$17,133,899.32

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NetSheet.orgOctober 9, 2026

Buyer's estimated net sheet

1531 York Avenue, Manhattan

Purchase price (cash)	$17,500,000
Title and settlement
Owner's title insurance policy	$57,647.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$208,849.32
Closing costs and prepaids	$268,996.87
Estimated cash to close	$17,768,996.87

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($288,750).
Title and settlement fees are typical estimates, not quotes.

Selling in Manhattan?

New York City transfer tax and closing costs

An apartment building at 1531 York Avenue in Manhattan sold for $17,500,000. The sale was on October 9, 2026. That is according to ACRIS property records. The tax roll lists a market value of $2,342,000. The sale price is 7.5 times that.

The seller is Mehdi Investments, LLC, Fortuna 1527, LLC and Mazol, LLC. The buyer is 1527 Prop Co, LLC. The deed covers 2 parcels. 1531 York Avenue is the largest one.

City records show the building has 5,250 square feet of area. The lot is 2,380 square feet. It was built in 1910.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $459,375 for the nYC real property transfer tax (commercial/other) and $70,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $17,133,899. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $17,768,997 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free) See photos on Zillow

1531 York Avenue, Manhattan, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026101301309001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.