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Movcap Acquires Multifamily Asset On Upper West Side For $5.25M

Property Image
SOLD
$5,250,000
Lawrence Movtady
Hall Oster
Paul Smadbeck
+ 3

New York

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MultiFamily
Sold 01/29/2024
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Property Image
SOLD

Movcap Acquires Multifamily Asset On Upper West Side For $5.25M

211 West 85th Street

See Similar Deals
MultiFamily
Sold 01/29/2024
Lawrence Movtady
Hall Oster
Paul Smadbeck
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 211 West 85th Street in the Upper West Side has been sold for a total price of $5,250,000. The property consists of 13 units, with an average price per unit of $403,846. The total square footage of the property is 13,015, with an average price per square foot of $403.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,250,000
  • Units: 13
  • Price Per Unit: $403,846
  • Square Footage: 13,015
  • Price Per Square Foot: $403

The buyer of the property is Lawrence Movtady from Movcap. The sale was facilitated by brokers Hall Oster, Paul Smadbeck, Conrad Martin, Braedon Gait, and Teddy Galligan from JLL. The seller's counsel in the transaction was Bryan P. McCrossen from Jaspan Schlesinger Narendran LLP.

Players

Hall Oster
JLL
Hall Oster
88 deals$2.1B volume
BROKER
Paul Smadbeck
JLL
Paul Smadbeck
36 deals$435.4M volume
BROKER
Teddy Galligan
JLL
Teddy Galligan
58 deals$854.9M volume
BROKER
Braedon Gait
JLL
Braedon Gait
37 deals$648.4M volume
BROKER
Conrad Martin
JLL
Conrad Martin
39 deals$414M volume
BROKER
Lawrence Movtady
Lawrence Movtady
7 deals$113.3M volume
BUYER

Details

SOLD
IMAGE: Hall Oster, Conrad Martin, Lawrence Movtady, Teddy Galligan, Paul Smadbeck & Braedon Gait DATE: 01/29/2024 ADDRESS: 211 West 85th Street MARKET: Upper West Side ASSET TYPE: Multifamily BUYER: Lawrence Movtady (@LawrenceMov) - Movcap (@Movcap_RE) BROKER: Hall Oster, Paul Smadbeck, Conrad Martin, Braedon Gait & Teddy Galligan (T_Galligan12) - JLL (@JLL) SELLER'S COUNSEL: Bryan P. McCrossen - Jaspan Schlesinger Narendran LLP SALE PRICE: $5,250,000 UNITS: 13 ~ PPU: $403,846 SF: 13,015 ~ PPSF: $403

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