Lawrence Movtady’s investment firm, Movcap, has successfully acquired a six-story walk-up building on the highly sought-after Upper West Side for $5.25 million. The property, located at 211 West 85th St., was previously owned by a private individual and features an impressive layout of thirteen apartments including three two-bedroom units, one three-bedroom unit, nine four-bedroom units and a spacious rear yard.
The seller was represented by the experienced JLL Capital Markets team consisting of Hall Oster and Paul Smadbeck along with Teddy Galligan, Conrad Martin and Braedon Gait. According to Oster: “211 West 85th St.’s prime location just off Broadway combined with its attractive frontage make it stand out among other properties in the area.” This notable building also boasts an elegant façade that further adds to its appeal.
This recent acquisition by Movcap is yet another testament to their expertise in identifying lucrative investment opportunities within New York City’s real estate market.
