175 West 95th Street - 110 Residential Condominium Units_Pand te koop
175 West 95th Street - 110 Residential Condominium Units_Pand te koop
175 West 95th Street, New York, NY, 10025, US

175 West 95th Street - 110 Residential Condominium Units

Activa beschrijving

JLL has been retained on an exclusive basis to arrange for the sale of a 110-unit bulk package of residential condominiums at 175 West 95th Street, a rare opportunity to acquire a large-scale portfolio of condominium units at a steep discount to market value.

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Attributen

Aantal eenheden
110 eenheden
Bezetting
100%
Bouwjaar
1971
Netto gebouwoppervlakte
8.837 vierkante meter

Media

Investeringshoogtepunten

-110 condominium sponsor units in a 27-Story, 226-unit, luxury tower spanning the entire western blockfront of Amsterdam Avenue between West 95th and West 96th Streets


-Constructed in 1971, the 306K square foot residential tower was converted to a condominium in 2015


-The package is not affected by the 2019 HSTPA regulations. All 110 units are leased to Rent Stabilized tenants and any unit that becomes vacant will revert to 100% Free Market status


-Upon vacancy the units can either be leased at market rent or sold off individually


-Average renovated condo sellouts achieved by ownership exceed $1,737 PSF since January 2021 with a high-water mark of $1,871 PSF - an attractive and attainable condominium price point for an Upper West Side location in today’s market


-Average sellouts within the package range from $750K - $2.5M on a nominal basis - the most liquid price point in the NYC condo market


-71% of the units are located on upper floors 10-28 offering sweeping views of the Hudson River and city skyline. 98 (89%) of the units feature private outdoor space


-68 (62%) of the units are 2-3 bed layouts ideal for the largest target UWS demographic of families. 51 of these 68 units have both corner exposure and private terraces offering valuable light & air and commanding a premium PPSF


-Highly amenitized building in the heart of the Upper West Side featuring a landscaped outdoor terrace with children’s playground, 24/7 concierge lobby, fitness center, bike storage and inbuilding garage


-Attractive and safe neighborhood for target family demographic with top tier public and private schools within walking distance (Trinity School, Dwight School, Columbia Preparatory and Grammar School, PS 75)



175 West 95th Street - 110 Residential Condominium Units 4_Pand te koop

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Laatst bijgewerkt
5 mars 2024