1497 Third Avenue Sells for $12.5M in New York

Reported Oct 23, 2026 · Source: The Real Deal

Source: The Real DealRead the full report at The Real Deal ↗

Deal details

Buyer
company linked to Legion Investment Group
Seller
LLC tied to SMA Equities
Price
$12.5M
Size
about 10,000 SF; 15 apartments plus ground-floor retail
Price per unit
$833,333 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Upper Manhattan / Upper East & West Side
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 23, 2026

Summary

📊Commercial: In Yorkville, a five-story walk-up at 1497 Third Avenue traded for $12.5 million. The seller was an LLC tied to SMA Equities, and the buyer was a company linked to Legion Investment Group. Source: The Real Deal.

Summarized from the article; the quoted lines below are from the article itself.

Source: The Real Deal

Read the full report at The Real Deal. What the article says:

  • Deal / Price
    📊Commercial: In Yorkville, a five-story walk-up at 1497 Third Avenue traded for $12.5 million.
  • Size
    The property, which spans about 10,000 square feet and has 15 apartments along with ground-floor retail, last sold in 2022 for the same price.
  • Seller / Buyer
    The seller was an LLC tied to SMA Equities, and the buyer was a company linked to Legion Investment Group.

Article date: 2026-10-23

Frequently asked questions

How much did 1497 Third Avenue sell for?
The reported price is $12.5M, per The Real Deal.
Who sold 1497 Third Avenue?
The seller was LLC tied to SMA Equities, per The Real Deal.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.