Cushman & Wakefield today announced that the firm has arranged the sale of a nine-story, 30,159-square-foot, pre-war apartment building located at 110 West 69th Street in Manhattan’s Upper West Side. The property was sold for $28,900,000.
A Cushman & Wakefield team consisting of Senior Managing Director Paul Smadbeck, Senior Managing Director Hall Oster, Associate Director Teddy Galligan, Associate Director Conrad Martin, and Senior Associate Bryan Smadbeck represented the seller, a private family owner, and the buyer, an Upper West Side investor, in the transaction.
“110 West 69th Street is a genuine boutique trophy located in one of the world’s most desirable residential locations,” said Paul Smadbeck of Cushman & Wakefield. “With bonafide near-term upside and prospects for long-term appreciation, the offering attracted substantial interest, which resulted in the property trading for a considerable premium.”
The Neo-Renaissance styled building consists of 36 apartments, 27 of which are free-market or vacant, thus allowing for conversion to a luxury rental or condominium. Two of the ground-floor apartments have been renovated and duplexed to the basement, and both offer private outdoor garden space. The additional 34 apartments are currently designed as large one-bedroom units, but could be converted into two-bedrooms or larger family-sized apartments.The property features a full, double-height basement, a passenger and freight elevator, and dual interior staircases. Each unit has a main entrance and service entrance.
Located steps away from Central Park, the property is situated nearby Lincoln Center for the Performing Arts and an abundance of high-end retailers on Columbus Avenue and Broadway. The property is also walking distance from the 1,2,3, A, B, C, and D subway lines, in addition to multiple bus stops.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency
