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NEW YORK CITY — An out-of-state developer has purchased a development site at 301 E. 61st St. in Manhattan's Upper East Side for $15.4 million. The area of the lot is approximately 3,781 square feet and a five-story apartment building is currently situated on the site. The property allows for 45,812 buildable square feet. Louise Beit of Sotheby's International represented the buyer in the deal. Bob Knakal and Clint Olsen of Massey Knakal Realty Services represented the seller.