Recent Sale Sets New Record Price per Square Foot at the Philip House

philip house unit sells for record price

A 1,575-square-foot unit at the Philip House – the conversion of a prewar Renaissance Revival rental building at 141 East 88th Street – has just managed to bring the comps up in the building.

Unit 10F recently sold for $6,414,975, which translates into a whopping $4,073 per square foot. While no other residential unit sale has passed the $4K/sq. ft. mark up to this point, #9F came close earlier this month, when it sold for $6,227,006 or $3,953/square foot.

The deed shows that the property was under contract since December 13, 2013, but buyer KPL Enterprises LLC only assumed ownership of the unit last week. The sale closed on August 11.

Correction: While the initial post relied strictly on public records, a source familiar with the deal told us that the sale involved a combo apartment with over 2,600 square feet – bringing the price per square foot down to $2,447.

Georgiana Mihaila

Georgiana Mihaila

After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world’s leading self-dev media companies, Goalcast Inc. She’s now combining her passion for engaging content with a long-lasting addiction to real estate on

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