JLL Capital Markets closed on the $9.5 million sale of 203 West 80th St., a turnkey Upper West Side luxury apartment building with 10 recently renovated, free-market units.
JLL represented the seller, a joint venture of Alchemy Ventures and Z+G Property Group. The property was acquired by an overseas investor.
Located on the north side of West 80th Street between Broadway and Amsterdam Avenues, 203 West 80th St. recently underwent a full renovation which comprised gut renovations of all apartments, new building systems and upgraded common areas.
Originally built in 1900, the building is configured as 10 free-market rental apartments. The units consist of four one-bedroom apartments, four two-bedrooms and two three-bedroom apartments. The ground floor apartments are combined with the cellar to create front and back duplexes; the fifth floor apartments are combined with two sixth floor additions to create front and back penthouses with private rook decks.
The JLL Capital Markets team representing the seller was led by Managing Directors Hall Oster and Paul Smadbeck; Vice Presidents Teddy Galligan and Conrad Martin and Associate Braedon Gait.
“Ownership executed a meticulous renovation during the peak of the pandemic and delivered a level of finish absent from the Upper West Side,” said Oster. “The purchasers will benefit from the quality renovations as the market continues along the Covid recovery.”
