Margaret Chian Gao Acquires 10-Unit Walkup Building In Upper West Side, Manhattan For $7.3M

Margaret Chian Gao, through her company Lilac Bay Properties LLC, has acquired a 10-unit residential walkup building located at 251 West 76th Street in the Upper West Side of Manhattan. The property was purchased from Sackman Enterprises, with Allyson Sackman Nick representing the seller, for a total sale price of $7.3 million.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $7,320,000
• Units: 10
• Price per Unit (PPU): $732,000
• Building Square Footage (BSF): 7,760
• Price per BSF (PPBSF): $943
• Total Square Footage (SF): 5,695
• Price per Square Foot (PPSF): $1,285

This transaction marks the acquisition of a well-located property in the desirable Upper West Side of Manhattan. Margaret Chian Gao, a prominent buyer in the real estate market, saw the potential in this 10-unit residential walkup building and made the purchase through her company, Lilac Bay Properties LLC. Sackman Enterprises, represented by Allyson Sackman Nick, acted as the seller in the deal.