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

Massey Knakal Sells Walk-Up Apartment Building on Upper West Side

07/30/2012

A four-story walk-up apartment building at 310 West 90th Street, located between West End Avenue and Riverside Drive on Manhattan’s Upper West Side, was sold in an all-cash transaction valued at $3,150,000.

The building is approximately 5,780 square feet and sits on a 20’ x 100’ lot. At the time of the sale the building was configured as nine rental apartment units, of which, one was rent controlled, and eight were rent stabilized. Additionally, there is a private south facing garden. In recent years, the roof, boiler, and mailboxes have been replaced and the lobby has been upgraded. The sale price equates to approximately $544 per square foot.

“The property was purchased by an investor who closed on an all-cash basis within 30 days of coming to market,” said Massey Knakal First Vice President of Sales Hall Oster who exclusively handled this transaction with Senior Vice President of Sales Paul Smadbeck.

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

07/30/2012 - 09:54

Source

Cushman & Wakefield Capital Markets Group New York

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