Endeavor Guidance completes $11.4M sale of 57 West 86th St.

NEW YORK, December 16, 2020 — JLL Capital Markets announced today that it has completed the $11.4 million sale of 57 West 86^th St., a 13,290-square-foot building located on New York City’s Upper West Side.

JLL worked on behalf of Endeavor Guidance to complete the sale to Michael Herzog, LLC .

The four-story property includes a 6,300-square-foot retail space on the ground floor, currently occupied by Investment Banking Company and 12 rental residential units. The property features two studios, nine one-bedroom units, and one two-bedroom unit. Four of the apartments enjoy attractive outdoor spaces.

The building is ideally located on the north side of West 86th St. between Central Park West and Columbus Ave., less than a block from Central Park. The 86th St. subway station (B, C) is less than a block away. Nearby Columbus and Amsterdam Ave. offer some of New York City’s most dynamic bars, restaurants and shopping options.

The JLL Capital Markets team representing the seller was led by Managing Directors Paul Smadbeck and Hall Oster, and Associates Teddy Galligan, Conrad Martin, Tim O’Brien and Braedon Gait.

“57 West 86^th St., with its superior Upper West Side location, is a solid income-producing asset with great credit in as the prime retail tenant,” said Smadbeck. “As such, the offering attracted a tremendous amount of attention from investors across a wide spectrum.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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