Manhattan multi-housing property sells for $6.55M

NEW YORK, March 21, 2022 - JLL Capital Markets announced today that it has closed the $6.55 million sale of 353 Fort Washington Ave., a six-story, 36-unit, 54,800-square-foot, elevatored residential building located in northern Manhattan’s Hudson Heights neighborhood.

JLL represented the seller, The Lewner Estate. Alma Realty acquired the property.

The building occupies the entire southern block-front along West 176th Street between Fort Washington and South Pinehurst Avenue and directly overlooks J. Hood Wright Park, offering exceptional light and air throughout the apartments. The unit mix consists of spacious two-, three- and four-bedroom units and one studio apartment.

The property features convenient subway access via the A line, located one block away at W. 175th St. New York Presbyterian Hospital is located seven blocks south of the property.

The JLL Capital Markets team representing the seller was led by Chairman Bob Knakal; Managing Directors Jonathan Hageman, Clint Olsen and Hall Oster and Vice President Teddy Galligan.

“This well-maintained stand alone is an outstanding long-term opportunity,” Knakal said. “Its location on the border of Hudson Heights and Washington Heights, with access to incredible green space and transit, makes it a highly attractive asset.”

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 and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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