Two adjacent extra-wide townhouses at 324-326 West 108th Street, located between Riverside Drive and Broadway in Manhattan’s Upper West Side neighborhood, were sold in an all-cash transaction valued at $11,750,000.
The two five-story buildings combine for approximately 14,141 square feet on a 43.5’ x 100.92’ lot. The properties are serviced by an elevator located in 324 West 108th Street and had been previously interconnected for use by a non-profit tenant. The buildings feature tall ceilings on all floors reaching a high just over 12 feet on the parlor level. The houses receive great light due to a combination of their mid-block locale and their proximity to an abundance of low-rise townhouses on all sides. The sale price equates to $831 per square foot.
Since the lots are currently combined, there is a double wide garden measuring approximately 43.5’ x 28’. Additional outdoor spaces could be created atop the large, sundrenched, three-story rear extension and the roof which features Hudson River views to the west.
“The new owner plans to convert the buildings back to residential use, which will benefit from a tremendous location close to Riverside Park and the rapidly changing retail surrounding the nearby Columbia University campus,” said Cushman & Wakefield’s Hall Oster, who exclusively represented the seller in this transaction with President, New York Investment Sales, Paul J. Massey Jr. and Teddy Galligan. The buyer was represented by Tali Berzak of Nest Seekers International.
Click here for press release
Neighborhoods: Upper West Side/ Agents: Paul Massey Jr.