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| The Selkirk Apartments, 308 West 82nd Street, Upper West Side, Manhattan, NY |
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| Scott Edelstein |
NEW YORK, NY, Feb. 12, 2014 – Institutional Property
Advisors (IPA), a multifamily brokerage division of Marcus & Millichap
serving the needs of institutional and major private investors, has arranged
the sale of The Selkirk, a
13-story, 49-unit apartment building on Manhattan’s Upper West Side.
The $17.1 million sales price equates to $350,000 per unit
and $600 per square foot.
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| Peter Von Der Ahe |
IPA’s Scott
Edelstein, Peter Von Der Ahe and Seth Glasser advised the seller, a private
investor. The buyer is also a private investor.
“Prior to
the sale, The Selkirk was owned and operated by a local real estate family for
40 years,” says Edelstein. “This sought-after asset is a popular residence for
young professionals and families attracted to living on Manhattan’s Upper West
Side.”
“The
current configuration of four studio apartments per floor gives the new owner
many options, including reconfiguring the units to larger ‘family-style’
layouts and converting them to condominiums or co-ops over time,” adds Von Der
Ahe.
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| Seth Glasser |
Built in
1906, The Selkirk is located at 308 West 82nd St. near local schools and the
Broadway retail corridor. Direct access to midtown Manhattan, Lincoln Center,
Columbia University and Riverside Park via the 1 Broadway-Seventh Avenue Local
subway is nearby at Broadway and 79th Street and Broadway and 86th Street.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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