Townhouse sale sets new record.A six-story elevatored townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. with 14 vacant units near Central Park at 15 West 68th Street on Manhattan's Upper West Side was sold by Massey Knakal Realty Services in an all-cash transaction valued at $14,500,000 or $1,188.52 per square foot. "The purchase price represents a record on a per square foot basis for an unfinished townhouse on the Upper West Side," said Massey Knakal broker Paul Smadbeck, who exclusively represented the seller. "It is demonstrative of Adj. 1. demonstrative of - serving to prove or demonstrate; "the oath of office is...demonstrative of the legislative opinion on this subject"- John Marshall the premium placed on extra width and park block location, even in a seemingly sluggish retail market." The 25.67' x 98' irregular property is located on the north side of West 68th Street between Central Park West and Columbus Avenue. A turn-of-the-century French Beaux-Arts mansion, the Mansion, The shows material advantages of respectability winning over kinship. [Am. Lit.: The Mansion, Hart, 520] See : Greed 12,200 s/f property was converted to apartments in the 1940s but retains almost all of its original detail including the original marble spiral staircase spiral staircase n → escalera de caracol spiral staircase n → escalier m en colimaçon spiral staircase spiral n , fireplaces and elaborate woodwork woodwork: see carpentry; furniture; intarsia; marquetry; veneer; wood carving. . The property sold to a Manhattan investor. Massey Knakal Realty Services was the sole broker in this transaction. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion