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Successful Sale of 41 West 90th Street in the Upper West Side
Bob Knakal and his team successfully closed the sale of 41 West 90th Street, a multifamily walk-up building located in the Upper West Side of Manhattan. The property, a well-maintained 10-unit building, was sold for $2,700,000 on February 28, 2005.
With a competitive price per square foot of $497.70, the sale highlighted the continued demand for boutique residential buildings in the neighborhood. Bob’s strategic approach ensured a smooth transaction and a strong outcome for the seller.
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Sale Details
The transaction of 41 West 90th Street demonstrated the strength of the Upper West Side’s multifamily market. The property’s location, combined with its pre-war charm and efficient unit mix, attracted strong interest from buyers.
- Sale Price: $2,700,000
- Property Type: Multifamily - Walk-Up
- Units: 10
- Building Size: 5,425 SF
- Price per SF: $497.70
- Sale Date: February 28, 2005
- Neighborhood: Upper West Side, Manhattan
Property Details
41 West 90th Street is a classic walk-up building situated on a tree-lined block in the Upper West Side, a neighborhood known for its historic brownstones and vibrant residential appeal. The property’s 10-unit configuration made it an attractive asset for an investor looking to acquire a well-located multifamily building.
Located in Block 1204, Lot 15, the building maintained strong occupancy and benefited from the area’s desirability among renters seeking a blend of pre-war character and modern convenience.
Market Strategy and Competitive Edge
Bob Knakal’s team implemented a targeted marketing strategy that emphasized the property’s prime location and strong rental demand. This approach helped maximize the value of the transaction:
- Broad Outreach: The team connected with active multifamily investors seeking value-add opportunities in the Upper West Side.
- Market Positioning: Highlighting the property’s price per square foot and strong rental potential ensured competitive offers.
- Negotiation Expertise: Bob’s experience in walk-up sales helped secure favorable terms and a streamlined closing process.
Neighborhood Overview
The Upper West Side remains one of Manhattan’s most sought-after residential markets:
- Proximity to Central Park – Just steps away, offering a prime lifestyle benefit for residents.
- Strong Rental Demand – Popular among professionals and families seeking pre-war charm.
- Historic Architecture – A mix of classic brownstones, pre-war buildings, and modern renovations.
- Convenient Transit Access – Close to major subway lines, enhancing connectivity.
Conclusion
The sale of 41 West 90th Street showcases Bob Knakal’s deep market knowledge and ability to navigate the competitive Manhattan multifamily sector. His proactive approach ensured that the seller achieved an optimal price and a seamless transaction.
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