Multifamily - Walk-Up Building at 27 West 89th Street, Upper West Side, Manhattan Sold for $1,850,000

Sale of 27 West 89th Street in Upper West Side, Manhattan

‍Bob Knakal successfully orchestrated the sale of 27 West 89th Street, a multifamily walk-up building in the heart of Manhattan’s Upper West Side. The sale closed for $1,850,000, marking a significant milestone for the sellers, Amos Tuck & Daniel (TR), who sought Bob's expertise to guide them through the process.

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Sale Details

‍Located in one of Manhattan’s most desirable neighborhoods, 27 West 89th Street was a prime multifamily building with 10 units, totaling 6,570 square feet. Bob Knakal’s strategic approach, coupled with his knowledge of the market, resulted in a price per square foot of $281.58. With Bob’s negotiation skills and expertise, the property was successfully sold at a price that exceeded expectations.

Sale Price: $1,850,000
Property Address: 27 West 89th Street, New York, NY 10024
Zoning: Multifamily - Walk-Up
Asset Class: Multifamily
Units: 10
Stories: 5
Price per SF: $281.58
Building Size: 6,570 SF
Lot Size: Not Available

The Client: A Multifamily Property Owner Seeking Guidance

‍Amos Tuck & Daniel (TR), the property owners, turned to Bob Knakal after receiving an initial offer that didn’t meet their expectations. Having built a relationship over the years, Bob was their trusted advisor in this process. Bob’s ability to leverage market insights and negotiate terms ensured that the sale was successful, both in terms of price and closing conditions.

Market Strategy and Leverage

‍Bob’s strategy involved exploring potential interest from local buyers in the multifamily market. His deep knowledge of the Upper West Side market allowed him to position the property as a high-demand asset, attracting the right buyers and driving competitive offers. His approach ultimately resulted in the best possible outcome for the seller.

Neighborhood Overview

‍Upper West Side, Manhattan is known for its:

Proximity to Central Park and Riverside Park
Diverse mix of residential and retail spaces
Rich cultural history with world-class museums and theaters
Sought-after real estate for both investors and residents

Conclusion

‍The sale of 27 West 89th Street is a testament to Bob Knakal’s ability to understand his clients’ needs and navigate the complexities of the multifamily market. Through diligent work and expert strategy, Bob secured an excellent deal for Amos Tuck & Daniel (TR), delivering an exceptional outcome.