Residential Sales

If you tour the model residences of 995 Fifth Avenue, chances are you will buy a unit in the building, according to Extell’s Gary Barnett.

Maybe he’s right.

Over half of the 26 units in the Upper East Side development have sold, according to a press release. In just 30 days, over $100 million in sales have been recorded.

The residences, which start out at $12 million, range in size from 4,100 to 8,400 square feet and there is a 7,000-square-foot penthouse with a 5,000-square-foot outdoor terrace.

Occupancy is scheduled for 2008.  read more »

Lenox Hill Hospital is unloading some property.

The Upper East Side medical center recently sold six brownstones from 110-120 East 76th Street for $26 million, according to a spokesperson at the hospital. The buyer was the increasingly active Chetrit Group.

“These buildings were residential real estate owned by the hospital that had been sitting empty for a long time,” the spokesperson told The Observer. “They sit in a landmarked district and are in need of renovation.”  read more »