James Brooks Tost Acquires Multifamily Property On Upper West Side For $5.75M

A multifamily property located at 177 West 88th Street in the Upper West Side of Manhattan has been sold in a closed transaction. The property is zoned as R7-2 and has a lot size of 1,678 square feet. The last recorded sale of the property took place on June 17, 2005, at a price of $4,000,000. The property underwent an alteration permit on July 10, 2001.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Address: 177 West 88th Street
• Market: Upper West Side, Manhattan

James Brooks Tost has acquired the property from Lawrence M. Statsky. The sale price for the transaction is $5,750,000. The building has a total square footage of 3,406. The price per square foot for the property is $1,688. The building's floor area ratio (FAR) is 2.03. The property falls under tax class 1. The property also includes 5,772 buildable square feet at a price of $996 per buildable square foot.