Upper West Side multi-housing brownstone sells for $3M

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 82^nd 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 82^nd 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 82^nd 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 82^nd 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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