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    176 West 82nd Street

    176 West 82nd Street
    New York, NY 10024
    (212) 759-9777
    Residential, Conversion, Leasing/Rental, Multifamily
    • Address 176 West 82nd Street
    • neighborhood Upper West Side
    • borough Manhattan
    • owner Naftali Group
    • developer Naftali Group
    • owner entity NAFTALI GROUP
    • architect ODA ARCHITECTURE P.C.
    • dob permit issued 03/18/2014
    • tco issued 05/21/2015
    • DOB FILE Link
    • floors 7
    • residential units 11
    • total units 11
    • square feet 30,922
    • block and lot 1-01212-0061
    • Event Sales
    • Building Name 176-182 West 82nd Street
    • Address 176 West 82nd Street
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Square feet 30,000
    • Price $ 19,000,000
    • Price per foot $ 633.33
    notes
    The four walk-up properties sold for $19 million, or $635 per buildable square foot. The residential package went on the market in spring 2007 for $16.5 million. WexTrust purchased the buildings for $12.28 million in February 2007 and had planned a condo conversion. Navistone plans to knock down walls in the buildings to combine smaller residential units into three- or four-bedroom units of up to 2,000 square feet. Includes 182 West 82nd Street.
    • Event Sales
    • Building Name 176-182 West 82nd Street
    • Address 176 West 82nd Street
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Square feet 28,800
    • Price $ 12,000,000
    • Price per foot $ 416.67
    • Publication Date 02/01/2007
    • Event Date 12/23/2006
    • Party 1 WexTrust Capital
    • Party 1 Brokerage Corcoran Group
    • Party 1 Broker Meyriek Ferguson, Massey Knakal, L. Li
    • Party 2 Manhattan investor
    • Party 2 Brokerage Corcoran Group, Massey Knakal Realty Services
    • Party 2 Broker Meyriek Ferguson, L. Li
    notes
    The portfolio sold for $12 million, which represents a capitalization rate of 5.2, a gross rent multiple of 15.3 and a per square foot price of $417. It is zoned for an additional 28,380 square feet of air rights, and the buyer plans a condominium conversion. Includes 182 West 82nd Street.
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