Cushman & Wakefield announced today that the firm has arranged the sale of 302 West 114th Street, an apartment building in Manhattan’s West Harlem neighborhood. The final closing price was $7.15 million.
A Cushman & Wakefield brokerage team consisting of Senior Managing Director Hall Oster, Associate Director Teddy Galligan, Senior Associate Bryan Smadbeck, and Associate Tim O’Brien represented the seller in the transaction.
“The property’s recent renovations and proximity to Columbia University presented the purchaser with a great entry opportunity to the West Harlem submarket,” said Hall Oster of Cushman & Wakefield. “The buyer secured a well-positioned walk-up with ample future upside, steps from Morningside Park.”
The 8,915-square-foot, five-story walk-up features a total of 20 units. Thirteen of the apartments have been renovated into one and two bedroom apartments. The property includes upgraded electric service, individual heating systems in the renovated apartments and ample basement space. Each of the renovated apartments also feature stainless steel appliances, wall mounted flat screen televisions, in-unit washer/dryers and updated kitchens and bathrooms.
Located on the south side of West 114th Street between Frederick Douglass Blvd. and Manhattan Avenue, the property is walking distance from Central Park and Morningside Park. The property is also located within close proximity to Columbia University. Additionally, the building offers easy access to the 1, 2, 3, B, and C subway lines and 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 leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow@CushWake on Twitter.
