
$12.9 Million Non-Performing Multifamily Loan | New York City, NY
33 単位
JLL has been retained on an exclusive basis to arrange for the sale of 207-209 West 107th Street, two adjacent 37.5’ wide 5 story plus basement walk-up buildings. The properties lie on the north side of 107th Street between Amsterdam Avenue and Broadway, a short walk from Columbia University and in the heart of the Upper West Side’s Bloomingdale District.
The buildings combine for 74’ of frontage, 29,310 GSF and 23 apartments of which 4 are Free Market (avg. $8,088/ Month), 6 are Rent Stabilized at Market (avg. $6,369/ Month), 12 are Rent Stabilized (avg. $1,547/Month), and 1 is Rent Controlled ($857/month). Each building consists of two side by side floor-through apartments on floors 1-5, and 2 additional basement units. Additional space has been built out to create one large duplex apartment in each building. The future duplex apartments would be configured as 7 bedrooms with 3 bathrooms and the renovated floor through apartments are configured as 5 bedrooms with 2 bathrooms. The vacant basement apartment (24th Unit), BW in 209 W 107, was previously used as a super’s office and can be combined with a portion of 1W in order to create a new legal apartment. All apartments and common areas are heated via a gas boiler located in the basement.
