Rosewood Realty Group recently closed the sale of a six-story Upper West Side multifamily building for $7.5 million. Aaron Jungreis, Ben Khakshoor and Alex Fuchs represented the buyer, a private office while Andrew Natter and Harold Fuchs with Collaborative Group represented the seller, the Niederman Family.
The 11,500-square-foot building located at 230-232 W. 72nd St., between Amsterdam and West End avenues was built in 1900 featuring seven apartments, one commercial space as well as two office spaces with 16000 square feet of air rights included in its total area . The sale price was $648 per square foot amounting to $1.071 million per unit on 4.80% cap rate basis along with 1244 times monthly rent roll GRM (Gross Rent Multiplier).
This Upper West Side apartment complex sold to a private office is an example of successful real estate transaction by Rosewood Realty Group’s team members Aaron Jungreis , Ben Khakshoor & Alex Fuchs representing buyers while Andrew Natter & Harold Fuch from Collaborative group successfully representing sellers .
