JLL Capital Markets has been retained to arrange the sale of 304 West 102nd St., a five-story elevator apartment building located on the Upper West Side of Manhattan. The asking price is $6.95 million.
Situated on the south side of West 102nd St. between West End Avenue and Riverside Drive, the property contains 15 apartments, 12 of which are free market. Owned and carefully maintained by the same family for three generations, this is the first time 304 West 102 nd St. has been offered for sale in over 50 years.
The apartments are arranged as six studios, eight one-bedrooms and one two-bedroom, each of which is individually sub-metered for gas and electric. There is additional basement space and outdoor space in the rear of the building where future ownership may be able to add amenities such as tenant storage or an in-building laundry room. Additionally, the property is within proximity to Columbia University and
Riverside Park and offers convenient access to the 1, 2 and 3 trains along Broadway.
The JLL team representing the seller is being led by Managing Directors Hall Oster and Paul Smadbeck,
Vice Presidents Teddy Galligan and Conrad Martin and Associate Braedon Gait.
“302 West 102 nd St. has been well cared for by family ownership which has reinvested significant capital
into maintaining the building. With 80 percent of the units designated free market, the property offers
investors significant upside in a surging rental market,” said Oster.
“302 West 102 nd St. will appeal to investors seeking a low maintenance, mostly free market, elevatored
apartment building close to Columbia University,” added Galligan.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most
recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.