Successful Sale of 148-150-152 West 92nd Street in Upper West Side, Manhattan
Bob Knakal successfully facilitated the sale of 148-150-152 West 92nd Street, a multifamily walk-up portfolio, owned by high-net-worth individual William Urban. The sale price was $4,300,000, an impressive achievement given the property’s prime location in the Upper West Side.
The transaction, which involved three buildings with 23 units across 12,336 square feet, was a significant opportunity for the buyer, Jacob Avid. With Bob’s expert guidance, the sale achieved a favorable outcome for both parties.
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Sale Details
The sale price of $4,300,000 reflects the market value of the property and its competitive position in the Upper West Side multifamily market. Bob Knakal’s approach to marketing and negotiations ensured the deal met the seller's expectations and the buyer’s investment goals.
- Sale Price: $4,300,000
- Property Address: 148-150-152 West 92nd Street, New York, NY 10025
- Seller: William Urban
- Buyer: Jacob Avid
- Property Type: Multifamily - Walk-Up
- Sale Date: July 6, 2005
- Building Size: 12,336 SF
- Price per SF: $348.57
- Units: 23
Property Details
The portfolio at 148-150-152 West 92nd Street consists of three multifamily walk-up buildings with 23 units in total. With a total square footage of 12,336, the buildings offer significant rental income potential and are located in the highly desirable Upper West Side neighborhood, close to public transit, Central Park, and renowned cultural destinations.
Market Strategy and Leverage
Bob Knakal’s strategic approach focused on leveraging the strong demand for multifamily properties in the Upper West Side. By marketing the portfolio effectively and targeting the right buyers, Bob was able to secure an optimal deal for the seller while meeting the buyer’s investment criteria.
Neighborhood Overview
Upper West Side, Manhattan, is known for its family-friendly environment and proximity to cultural landmarks. Key features include:
- Close to Central Park and the American Museum of Natural History
- Residential neighborhood with strong demand for multifamily buildings
- Easy access to public transportation, including the 1, 2, and 3 subway lines
- Popular with professionals and families alike
Conclusion
The sale of 148-150-152 West 92nd Street is a testament to Bob Knakal’s deep understanding of the multifamily market in Manhattan and his ability to negotiate successful outcomes for his clients. Through effective marketing and negotiation, Bob helped the seller achieve a favorable sale price while securing an ideal investment for the buyer.
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