Multifamily Property on Upper West Side Goes for $3.2 Million

NEW YORK—A multifamily building at 345 West 84th Street, located between Riverside Drive and West End Avenue in the West End Historic District on Manhattan’s Upper West Side, was sold in an all-cash transaction valued at $3.2 million. The sale price equates to approximately $604 per sq. ft.

Massey Knakal Director of Sales Hall Oster exclusively represented the seller in the transaction.

The five-story property is approximately 5,295 sq. ft. and sits on a 17-ft. by 102-ft. lot. The building contains 10 apartments, seven of which are free market and three of which are rent stabilized. The apartments consist of one, two-bedroom unit with garden access, two, one-bedroom units and seven studios.

Some of the free-market apartments have been renovated with original detail left intact.

The basement level of 345 West 84th Street is currently vacant and was previously used as the bottom floor of a duplex apartment.

Additional features at the property include a new gas-fired boiler with a Watchman Heat Control System, two hot water heaters, individual electric meters for each apartment and a bulkhead with stairs leading to the roof.

The property possesses approximately 1,650 sq. ft. of additional air-rights.

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