New York City · Commercial sale
New York City Economic Development buys 524 East 74 Street in Manhattan for $43.09 million
A school building at 524 East 74 Street, Manhattan sold for $43,085,885 on December 4, 2025. See the seller and buyer net sheets for this sale.
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- Sale price
- $43,085,885
- Sold
- December 4, 2025
- Property type
- School building
- Building area
- 448,573 sq ft
- Price per sq ft
- $96
- Year built
- 2015
A school building at 524 East 74 Street in Manhattan sold for $43,085,885 on December 4, 2025, according to the New York City Department of Finance's ACRIS property records. The sale price was 3.7 times the recorded market value of $11,640,000.
The record lists City University Construction Fund as the seller and New York City Economic Development Corporation as the buyer.
NYC Department of Finance records show 448,573 square feet of building area, a build year of 2015 and a 0.61-acre lot. At that size, the price works out to $96 per square foot.
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 $1,131,004.48 for the nYC real property transfer tax (commercial/other) and $172,344 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 $42,078,122. 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 $43,621,775 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026100500500001. 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.
