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521 Amsterdam Avenue|Sales|04/22/2011
- Event Sales
- Address 521 Amsterdam Avenue
- Square feet 20,370
- Price $ 13,000,000
- Price per foot $ 638.19
- Borough Manhattan
- Neighborhood Upper West Side
- Publication Date 06/01/2011
- Deal Date 04/22/2011
- Party 1 Touro College
- Party 1 Brokerage Besen & Associates
- Party 1 Broker Michael Besen
- Party 2 175 West 85 Realty LLC
- Party 2 Brokerage Besen & Associates
- Party 2 Broker Matthew Slonim
notes
The elevator building sold for $13 million, or $638 per square foot. The price represents a gross rent multiple of 12 and a capitalization rate of about 5.8 percent.