School and Garage Development Sites Sell for $7.03M and $5.02M at 175 and 171 West 89th Street in Upper West Side, NYC

Successful Sale of 175 and 171 West 89th Street in Upper West Side, Manhattan

‍Bob Knakal successfully facilitated the sale of two distinct properties located at 175 West 89th Street and 171 West 89th Street in the thriving Upper West Side neighborhood of Manhattan. The sales, totaling $12.05 million, represented a prime opportunity for both a school and a development project.

The sale of 175 West 89th Street was secured for $7,028,000, while the sale of 171 West 89th Street was finalized for $5,020,000. The transaction highlights the flexibility and strategic approach that Bob and his team provided to meet the specific needs of each seller.

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Sale Details

The properties were sold on January 4, 2010. The sale price for 175 West 89th Street, a school property, came in at $7,028,000. The sale of 171 West 89th Street, a garage development site, concluded with a price of $5,020,000. Bob’s strong market expertise ensured that each property achieved a competitive price.

175 West 89th Street (School)
Sale Price: $7,028,000
Seller: James Rinzler, Claremont Owner LLC
Property Type: School, User
Price per SF: $194.21
171 West 89th Street (Garage, User)
Sale Price: $5,020,000
Seller: James Rinzler, Claremont Owner LLC
Property Type: Development, Garage, User
Price per SF: $1,156.15

Property Details

Both properties offered unique opportunities in the Upper West Side, a high-demand area for educational institutions and mixed-use developments. The school building at 175 West 89th Street featured expansive square footage of 36,187 square feet, while the garage site at 171 West 89th Street offered a more compact 4,342 square feet. Bob’s strategic positioning and understanding of the local market ensured that each property attracted the right buyer.

175 West 89th Street
Property Type: School
Lot Size: 36,187 SF
Location: Upper West Side
Price per SF: $194.21
171 West 89th Street
Property Type: Development, Garage
Lot Size: 4,342 SF
Location: Upper West Side
Price per SF: $1,156.15

Neighborhood Overview

The Upper West Side is one of Manhattan’s most desirable neighborhoods, known for its:

Proximity to Central Park and Riverside Park
Historic charm and cultural landmarks
Strong demand for educational institutions and mixed-use developments
Well-established retail and dining scene
Expanding residential market, with new developments drawing interest

Conclusion

The sale of 175 and 171 West 89th Street showcases Bob Knakal’s expertise in navigating a variety of property types and market conditions. Through consistent communication and strategic market positioning, Bob helped achieve strong sale prices for his clients, ensuring the best possible outcomes for both the school and garage properties.