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

Massey Knakal Retained Exclusively To Sell 41 Condominium Unit Package On Upper West Side

02/05/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a 41 residential condominium unit package situated within The Hopkins Condominium at 172 West 79th Street. The property is located on the corner of West 79th Street and Amsterdam Avenue on Manhattan’s Upper West Side. The asking price is $18,000,000.                                                          

Combined, the units total approximately 40,378 net rentable/sellable square feet.  Of the 41 sponsor-owned apartments, 33 are rent stabilized, and eight are rent controlled.  Layouts consist of 22 two-bedroom, two-bath units totaling approximately 26,009 square feet and ranging in approximate size from 1,060 square feet to 1,464 square feet and 19 one-bedroom units totaling roughly 14,369 square feet ranging in approximate size from 682 square feet to 842 square feet. 

The Hopkins Condominium is a 19-story, 98-unit, pre-war elevatored building just steps from the Museum of Natural History and Central Park.  The property was converted to condominium ownership in 2004, and tenant amenities include 24-hour doorman, live-in super, laundry room, and available bicycle storage and personal storage cages.

“These units are located in a full-service doorman building on a highly desirable corner of the Upper West Side.  We anticipate very strong interest in this unique asset,” said Massey Knakal First Vice President of Sales Guthrie Garvin.

For more information on this listing, contact Guthrie Garvin or Senior Vice President of Sales Paul B. Smadbeck 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

02/05/2013 - 12:25

Source

Cushman & Wakefield Capital Markets Group New York

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