Meridian Capital Group Brokers Sell Multifamily Property On Upper West Side For $17.1M

Located on the southeast corner of West 95th Street on Riverside Park, 227 Riverside Drive is a gorgeous prewar corner elevator building in the Upper West Side market. This multi-family asset was recently sold for a total price of $17,118,000. The property consists of 40 units, resulting in a price per unit of $427,950. The total square footage of the building is 48,178, translating to a price per square foot of $355.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $17,118,000
• Units: 40
• Price Per Unit: $427,950
• Square Footage: 48,178
• Price Per Square Foot: $355

Represented by David Schechtman, Shallini Mehra, Amit Doshi, and Abie Kassin, all from the Meridian Capital Group, the sale of 227 Riverside Drive was facilitated. It was a pleasure for the brokers to work with the buyer, who demonstrated their savvy nature and prominence in the industry.