Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Sells Upper West Side Townhouse for $14 Million

06/24/2015

Cushman & Wakefield has announced the sale of 36 West 71st Street, a historic four-unit townhouse located between Central Park West and Columbus Avenue in Manhattan’s Upper West Side. The $14,000,000 sale price of the 20 foot wide property represented the third highest price ever paid for an Upper West Side multi-unit row house behind the sale earlier this year of 9 West 82nd Street (2-units – 23 feet wide), and the 2006 sale of the former Beaux Arts mansion at 15 West 68th Street (12 units, 25 feet wide), also sold by Cushman & Wakefield.   

The historic Renaissance Revival townhouse was constructed in 1887 and designed by John H. Duncan.  The property contains approximately 7,620 square feet and is configured as four units, with a beautifully renovated owner’s duplex/triplex with finished cellar and south-facing garden, and three floor-through apartments on the upper floors renovated to luxury standards. 

“The park blocks from 68th to 76th Street represent the Gold Coast of the Upper West Side, and this sale is indicative of that,” said Paul Smadbeck of Cushman & Wakefield who exclusively handled the sale with co-exclusive broker Harris Philip of Alexander Hidalgo Real Estate. Vandenberg, Inc. represented the buyer. “The price we obtained for this four-unit property actually exceeded the 2014 average for Upper West Side single-family homes, and that is all about the location,” Smadbeck added.    

06/24/2015 - 14:00

Source

Cushman & Wakefield Capital Markets Group New York

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