Cushman team lands dream gig: Cushman & Wakefield.
Cushman & Wakefield has been retained on an exclusive basis to sell 315 West 102nd Street, a multi-family building on the Upper West Side.
The property has been owned by West End Manor, LLC for multiple generations and is on the market for the first time in over 60 years. The listing is priced at $23.5 million.
"If I were asked to describe the attributes of a dream New York City multi-family asset under $30 million dollars, it would literally be 315 West 102nd Street," said Cushman & Wakefield's Paul Smadbeck, who is exclusively marketing the offering with Hall Oster, Robert Stufano, and Teddy Galligan.
"It's a remarkable building in a premium location, reasonably priced, with tremendous upside," added Smadbeck.
The nine-story, elevator-serviced building contains approximately 36,252 s/f and sits on a 55 by 100.92 ft. lot. It is comprised of 36 apartments and a super's unit in the basement. Of the 36, 18 are freemarket, 16 are rent stabilized and two are rent-controlled. Layouts consist of 18 one-bedrooms and 18 two-bedrooms.
All free-market units and both passenger and freight elevators have recently been renovated.
The building also features a sleek lobby and over ten-foot ceiling heights throughout.
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|Title Annotation:||SELLING POINTS|
|Comment:||Cushman team lands dream gig: Cushman & Wakefield.(SELLING POINTS)|
|Publication:||Real Estate Weekly|
|Date:||Aug 17, 2016|
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