Successful Sale of West 109th Street Multifamily Walk-Up Portfolio in Upper West Side, Manhattan
Bob Knakal and his team successfully closed the sale of a multifamily walk-up portfolio located on West 109th Street in Manhattan’s Upper West Side. The portfolio, consisting of 22 buildings and 384 units, sold for $42,600,000, showcasing Bob’s expertise in securing strong sale prices and favorable terms.
The portfolio’s sale closed on May 14, 2009, after months of strategic marketing and negotiations. Bob’s consistent communication and targeted outreach to potential buyers played a pivotal role in achieving a competitive sale price and successfully closing the deal.
Walk-Up Building Sales - For the complete list click here Walk Up Buildings
Sale Details
Bob Knakal’s efforts resulted in a sale price of $42.6 million for the 22-building portfolio, offering a price per square foot of $161.03. The sale involved a multifamily walk-up portfolio with 384 units across 264,547 square feet of space. The successful sale highlighted the strength of the Upper West Side market and the demand for well-located residential properties.
- Sale Price: $42,600,000
- Seller: Baruch Singer
- Buyer: Meyer Orbach
- Property Type: Multifamily – Walk-Up, Note Sale, Portfolio
- Sale Date: May 14, 2009
- Units: 384
- SF/BSF: 264,547
- Price per SF: $161.03
Property Details
The West 109th Street portfolio offered a blend of classic Upper West Side walk-up buildings, featuring spacious apartments and a strong rental market. With 22 buildings located across a prime section of the Upper West Side, the property provided a steady stream of rental income and offered potential for further investment. The portfolio’s central location made it an attractive option for buyers seeking value in a high-demand Manhattan neighborhood.
- Full Address: 118 West 109th Street, 120 West 109th Street, 136 West 109th Street, 138 West 109th Street, 140 West 109th Street, 203 West 109th Street, 204 West 109th Street, 205 West 109th Street, 206 West 109th Street, 207 West 109th Street, 209 West 109th Street, 211 West 109th Street, 212 West 109th Street, 214 West 109th Street, 223-225 West 109th Street, 233-235 West 109th Street, 241 West 109th Street, 243 West 109th Street, 247 West 109th Street, 249 West 109th Street, 251 West 109th Street
- Neighborhood: Upper West Side, Manhattan
- Asset Class: Multifamily – Walk-Up Portfolio
Market Strategy and Leverage
To ensure the best outcome for the seller, Bob Knakal employed a targeted marketing strategy that showcased the portfolio’s value and the strength of the Upper West Side rental market. By promoting the location’s desirability and appealing to buyers with an interest in long-term multifamily investments, Bob successfully attracted serious buyers and negotiated favorable terms for the seller.
Neighborhood Overview
- Highly sought-after Upper West Side location
- Close proximity to Central Park and Riverside Park
- Easily accessible via public transportation
- Home to a variety of restaurants, cafes, and retail establishments
- Strong rental demand in this established residential neighborhood
Conclusion
The sale of the West 109th Street Multifamily Walk-Up Portfolio is a prime example of Bob Knakal’s ability to maximize value for his clients. Through expert market knowledge, consistent communication, and strategic outreach, Bob secured a strong sale price that exceeded expectations, underscoring his reputation as a trusted advisor in the Upper West Side real estate market.
Learn More About New York Real Estate
Explore our exclusive online magazine to discover remarkable New York real estate deals and Success Stories from the city and surrounding areas.
