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Massey Knakal Sells Upper West Side Apartment Building

01/04/2013

An apartment building at 121 West 79th Streetlocated between Columbus and Amsterdam Avenues on Manhattan’s Upper West Side was sold in an all-cash transaction valued at $5,250,000.

This five-story walkup contains approximately 10,410 square feet and sits on a 25’ x 102’ lot. It is currently configured as 14 rental apartment units, of which five are rent stabilized and four are vacant.  The layout consists of four studios and ten one-bedroom units.  There are high ceilings throughout and many of the units have decorative fireplaces.

“With its excellent location across Columbus Avenue from the grounds of the Museum of Natural History, 121 West 79th Street has a bright future as a high-end luxury rental - the purchasers made a fabulous long-term investment,” said Massey Knakal Senior Vice President of Sales Paul B. Smadbeck, who exclusively handled this transaction.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

01/03/2013 - 17:52

Source

Cushman & Wakefield Capital Markets Group New York

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