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

Massey Knakal Sells Upper West Side Townhouse

12/20/2012

A brownstone at 304 West 90th Street, located between Riverside Drive and West End Avenueon Manhattan’s Upper West Side, was sold in an all-cash transaction valued at $4,200,000.

This 20' wide, Clarence True designed Renaissance Rival brownstone was constructed in 1891 and lies within the Riverside - West End Avenue Historic District. The brownstone is built four and a half stories with a two-story rear extension and contains approximately 5,400 square feet on a 20’ x 101’ lot. At the time of sale the house was configured as seven renovated apartments. All of the apartments were vacated, and the buyer plans to convert the building to a single family home. The sale price equates to approximately $775 per square foot.

“Pricing for convertible multifamily townhouses across the entire UWS is being driven by the demand for renovated single family product. Once outshined by Central Park, buyers and developers alike are realizing the value potential and beauty of the Riverside Park blocks,” said Massey Knakal Director of Sales Hall H. Oster, 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

12/20/2012 - 11:00

Source

Cushman & Wakefield Capital Markets Group New York

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