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

Massey Knakal Sells Townhouse On Upper West Side

01/18/2013

A townhouse at 121 West 92nd Street, located between Amsterdam and Columbus Avenueson Manhattan’s Upper West Side, was sold in an all-cash transaction valued at $3,500,000.

The five and a half story building, with two story extension and basement, contains approximately 6,426 square feet and sits on a 18’ x 65’ irregular lot.  The property is in excellent condition and is currently configured as seven fair market apartments. The entire third floor and front of the fourth floor has been configured into a spacious two bedroom duplex apartment with luxury finishes.  The remaining apartments consist of three studios, two one-bedrooms, and a two-bedroom floor-through on the parlor floor. The sale price equates to approximately $545 per square foot.

The property is located directly across from an athletic field which provides unobstructed air and sun light to the front of the building. 

“Supply remains extremely tight on the UWS. An excess of demand for townhouses both vacant and occupied is driving pricing and absorption rates above pre-recession highs,” said Massey Knakal Director of Sales Hall H. Oster, who represented the seller with Partner James P. Nelson.  The buyer was represented byMatt Lesser of Leslie Garfield & Co.

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

01/18/2013 - 16:44

Source

Cushman & Wakefield Capital Markets Group New York

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