Multifamily Walk-Up Buildings at 15 & 15A West 64th Street, Upper West Side NYC, Sell for $7,025,000

Successful Sale of Multifamily Walk-Up Buildings at 15 & 15A West 64th Street, Upper West Side, Manhattan

Bob Knakal successfully facilitated the sale of two multifamily walk-up buildings located at 15 & 15A West 64th Street in Manhattan’s desirable Upper West Side. The buildings, part of a larger property owned by Hope Wolfe of Central Park Associates, sold for $7,025,000 on September 8, 2003.

The sale price reflected an optimal outcome for the seller, thanks to Bob’s strategic guidance and expertise. The buildings had a combined 41 units, providing significant value due to their prime location and strong market demand.

Walk-Up Building Sales - For the complete list click here Walk Up Buildings

Sale Details

The sale of the two walk-up buildings closed at $7,025,000, an impressive price driven by the strong demand in the Upper West Side for multifamily properties. The buildings were sold to Rubin Pikus of Monddial Associates LLC. Bob Knakal’s proactive approach and market knowledge helped secure the best terms for the seller.

Sale Price: $7,025,000
Property Type: Multifamily – Walk-Up
Seller: Hope Wolfe, Central Park Associates
Buyer: Rubin Pikus, Monddial Associates LLC
Sale Date: September 8, 2003
Building Size: 18,830 SF
Units: 41

Property Details

Located at 15 & 15 1/2 West 64th Street, these two multifamily walk-up buildings are positioned in a highly sought-after section of Manhattan’s Upper West Side. The property offered 41 residential units across 18,830 square feet, making it an ideal asset for investors seeking stable rental income in a desirable neighborhood.

The buildings offered the advantage of classic walk-up architecture, with a well-maintained structure that appealed to buyers interested in preserving the character of the neighborhood while benefiting from strong rental demand.

Full Address: 15 & 15A West 64th Street, New York, NY 10023
Zoning: Multifamily
Building Type: Walk-Up, Multifamily
Price per SF: $373.07
Unit Breakdown: 41 units

The Client: A Seasoned Real Estate Owner Seeking Market Expertise

Hope Wolfe, owner of Central Park Associates, had worked with Bob Knakal for many years, regularly receiving updates on the multifamily market and Upper West Side trends. When it came time to sell, Hope turned to Bob, confident that his market knowledge and long-standing experience would secure the best possible outcome.

Through careful negotiation and leveraging local market trends, Bob was able to maximize the sale price while ensuring the deal met the seller’s financial goals.

Market Strategy and Leverage

Bob's approach to the sale involved deep knowledge of the Upper West Side’s multifamily market and maintaining strong relationships with potential buyers. By assessing competitive properties and staying connected with buyers interested in walk-up buildings, Bob was able to negotiate terms that enhanced the value for the seller.

Neighborhood Overview

The Upper West Side is one of Manhattan's most vibrant neighborhoods, known for:

Proximity to Central Park, offering residents easy access to outdoor space.
A rich cultural scene, with renowned institutions such as the American Museum of Natural History.
A desirable residential area with strong demand for multifamily units.
Easy access to public transportation, including subway lines and bus routes.

Conclusion

The sale of 15 & 15 1/2 West 64th Street demonstrates Bob Knakal’s skill in navigating the competitive Upper West Side real estate market. Through his thorough understanding of market conditions and strategic negotiations, Bob was able to help Hope Wolfe secure a sale price that exceeded expectations for these two multifamily walk-up buildings.

‍