NEW YORK—A mixed-use building located at 70 West 106th Street, located between Columbus and Manhattan Avenues on the Upper West Side, was sold in an all-cash transaction valued at $3.0 million.
Massey Knakal’s Hall Oster, director of sales, represented the seller in the transaction. The buyer was represented by Jeffrey Tanenbaum of Halstead Property.
The property totals approximately 8,000 sq. ft. and sits on a 25-ft. by 100.5-ft. lot.
Totaling five stories, the building contains two retail spaces and 14 one-bedroom apartments. Of the 14 units, nine are free market, three are rent stabilized and two are rent controlled. Six of the apartments have been renovated to include new floors, kitchens and bathrooms. The lobby of the building has also been renovated. The sale price equates to approximately $370 per sq. ft.