John Reid Acquires Broadway Apartment Building In Upper West Side For $15.5M

The asset involved in this closed transaction is a multi-unit apartment building located at 2647-2649 Broadway in the Upper West Side of Manhattan. The property has a zoning classification of R9A, C1-5, and EC-3. It features a total building square footage (BSF) of 45,120, with a price per BSF of $343. The building has a total square footage (SF) of 32,880, with a price per SF of $471. The transaction took place on 02/28/2022, and the property was sold for a total price of $15,500,000. The lot size is 6,000, with dimensions of 60 ft x 100 ft.

Summary of transation details

• Property Type: Apartment
• Transaction Amount: $15,500,000
• Market: Upper West Side, Manhattan
• Zoning: R9A, C1-5, EC-3
• BSF: 45,120
• PPBSF: $343
• SF: 32,880
• PPSF: $471
• Lot Size: 6,000
• Lot Dimension: 60 ft x 100 ft

The buyer of the property is John Reid, while the seller is Stuart Eisenberger. The property transaction has a floor area ratio (FAR) of 5.48 and is classified as tax class 2.