Contiguous Upper West Side properties sell for $12.15M

NEW YORK, December 7, 2021 - JLL Capital Markets announced today that it has closed the $12.15 million sale of two historic, contiguous, renaissance revival-style brownstones totaling 14,240 square feet at 59-61 West 70^th St. in New York City.

JLL marketed the buildings on behalf of the seller, B. B. I. G., LLC. 59-61 West 70^th LLC acquired the property.

The properties are ideally situated in the heart of the Upper West Side on one of the neighborhood's most desirable tree-lined blocks just steps from Central Park, Lincoln Center, museums, restaurants and shops, premier schools and abundant public transit.

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 exceptional park blocks location of these properties on West 70^th street attracted a strong cross-section different buyer from potential users, townhouse developers and luxury rental investors," said Smadbeck.

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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