Upper West Side conversion candidates hit the market.Two fully-renovated ideal condominium conversion opportunities, located on Manhattan's Upper West Side directly above Central Park North at 220 West 111th and 118th West 112th Streets, are on the market for sale priced at $10.5 million and $13.9 million respectively. Eastern Consolidated's Senior Managing Director's Ronald A. Solarz and Eric M. Anton, and Financial Analyst Paul J. Nigido are co-marketing the properties with GFI GFI Ground Fault Interrupter GFI Go For It GFI Government-Furnished Information GFI Growing Families International GFI Goodness of Fit Indices GFI Government Financial Institutions (Philippines) GFI Gross Farm Income Realty Services, Inc.'s Director Matthew Sparks. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Solarz, "At a time when investors are especially keen to buy properties suited for condo conversion Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units. , these two are in a location that is rapidly gentrifying and burgeoning with new retail and residential activity. "In addition, the current owner has already filed condominium plans with the Attorney General's office so the approval process is well underway, which is significant." 220 West 111th Street is a six-story 24-unit approximately 21,000-square foot elevatored apartment building, with a basement and rear courtyard. It has been gut renovated, primed for condo conversion and would be delivered vacant. Similarly, 118 West 112th Street is a six-story approximately 26,500-square foot elevatored building, also with basement and courtyard. Currently, it contains 24 free-market units, all decontrolled, and the building can be vacated within one year by not renewing leases. "These properties may be purchased individually or as a package," said Mr. Sparks. "The neighborhood is burgeoning with new activity and, of course, the properties are in close proximity to Columbia University's beautiful campus with its many 19th century neoclassical ne·o·clas·si·cism also Ne·o·clas·si·cism n. A revival of classical aesthetics and forms, especially: a. A revival in literature in the late 17th and 18th centuries, characterized by a regard for the classical ideals of reason, form, buildings and stunning new student center, Alfred Lerner Hall Alfred Lerner Hall is the student center or students' union of Columbia University. It is named for Al Lerner, who financed its construction. Situated on the university's historic Morningside Heights campus in New York City, the building, designed by deconstructivist architect designed by world-famous architect Bernard Tschumi Bernard Tschumi (born January 25 1944 Lausanne, Switzerland) is an architect, writer, and educator. Born of French and Swiss parentage, he works and lives in New York and Paris. He studied in Paris and at ETH in Zurich, where he received his degree in architecture in 1969. ." |
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