Multi-Family Property at 331 West 76th Street Sells for $3,788,000

New York, NY – May 10, 2017 – Cushman & Wakefield has arranged the sale of a six-unit, multi-family townhouse at 331 West 87th Street on Manhattan’s Upper West Side for $3,788,000.

Four of the units in the five-story, 4,109-square-foot property are rent-stabilized, one is rent-controlled, and the sixth is market-rate. The sale price equaled $922 per square foot. Cushman & Wakefield did not disclose the identity of either the seller or buyer.

The Cushman & Wakefield team was led by Vice Chairman Stephen P. Palmese and senior managing director Hall Oster, with support from Teddy Galligan, Michael Mazzara, James Berluti and Bryan Smadbeck.

“Built in 1892, the property’s unique Renaissance Revival architecture in addition to its sought-after Riverdale Park location, 331 W 87th Street attracted great interest from both private and professional investors”, said Mr. Palmese.

Situated within the West End Avenue-Riverside Historic District, the Renaissance Revival townhouse faces Riverside Park and was constructed in 1892.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.