Upper West Side multi-housing brownstone sells for $3M
JLL Capital Markets arranged the sale of the 8-unit property at 135 West 82nd St. in Manhattan
NEW YORK, December 7, 2021 — JLL Capital Markets announced today that it has closed the $3 million sale of an eight-unit, 4,000-square-foot property at 135 West 82nd St. in New York City’s Upper West Side.
JLL marketed the building on behalf of the seller, Peter Forrest Alex, LLC. Norifusa Yamamoto was the buyer.
The four-story property at 135 West 82nd St. includes contains eight units, six of which are free market and two are rent stabilized. The units consists of a ground-floor garden duplex and seven studio apartments. Features of the property include approximately 4,000 square feet above-grade, tax class 2B status, individual heating systems for each apartment and a large ground-floor garden. The property lies within the Upper West Side – Central Park West historic district and possesses approximately 3,152 square feet of additional air rights.
Located on the north side of West 82nd Street between Columbus and Amsterdam avenues, the property benefits from its proximity to the American Museum of Natural History, Central Park and abundant restaurant and retail options, along with accessibility to the B and C subway trains along Central Park West and to the 1 train on Broadway.
The JLL Capital Markets team representing the seller was led by Managing Directors Paul Smadbeck and Hall Oster, Vice Presidents Conrad Martin and Teddy Galligan and Associate Braedon Gait.
“The marketing of 135 West 82nd St. generated significant attention and interest due to its prime Upper West Side location, clean, well-maintained condition and attractive price point,” Smadbeck said. “This robust activity ultimately enabled us to exceed the asking price.”
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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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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.