Multi-housing brownstone on New York City’s Upper West Side sold for $5.2M
JLL Capital Markets arranged the sale of 103 West 75th St. in the Central Park West Historic District
NEW YORK, December 17, 2020 — JLL Capital Markets announced today that it has completed the $5.2 million sale of 103 West 75th St., a 7,225-square-foot multi-housing property located in the Central Park West Historic District on New York’s Upper West Side.
JLL worked on behalf of B.I.G.G., LLC to complete the sale to the 103 West 75th Street LLC.
The Renaissance revival-style building is currently divided into five expansive, fair-market, floor-through apartments. Layouts include two-, three- and four-bedroom units, with ground-floor units including direct access to a bright outdoor garden. The top-floor four-bedroom unit features a rooftop penthouse and two outdoor terraces.
Located between Columbus and Amsterdam Ave., 103 West 75th St. is near the area’s best restaurants, bars, shopping and attractions, including the American Museum of Natural History. The property is steps from Central Park and subway service on the 1, A, B, C and D lines.
The JLL Capital Markets team representing the seller was led by Managing Directors Paul Smadbeck and Hall Oster, Vice Presidents Teddy Galligan and Conrad Martin, and Associate Braedon Gait.
“This investment property offers remarkable versatility in one of the most popular neighborhoods in New York City,” said Smadbeck. “It provides the opportunity for single-family occupancy, with a live-plus-income option, or it can continue as a prime income-producing asset with five highly attractive floor-through apartments.”
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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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.