Canterbury sale.

The Canterbury, a 49-unit renovated Beaux Arts elevatored apartment building situated on Manhattan's sought-after Upper West Side, is on the market for sale through Eastern Consolidated.

Eastern's Brian Ezratty, vice chairman, with Deborah Gutoff and Ronda Rogovin, senior directors, and Scott Ellard, financial analyst, are spearheading the marketing initiative on behalf of the seller for this six-story, pre-war, 42,186-square-foot property situated on the south side of West 108th Street between Broadway and Amsterdam Avenue.

"Fifty-five percent of the units are free market and almost all of them (22 out of 26) have been completely renovated with new floors, walls, ceilings, kitchens and bathrooms," noted Ms. Gutoff who added that a $3.5 million plus capital improvement program took place between 2005 and 2007.

"The property is well-suited to virtually any marketing strategy. There is upside in continuing to operate the building 'as is' in order to increase the significantly below market rents in the remaining rent stabilized apartments. Or the property could be a candidate for a condominium conversion, benefitting not only from the expansion of nearby Columbia University, but the tremendous demand on behalf of buyers to acquire apartments in this burgeoning Upper West Side neighborhood."