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JLL Team Closes $46M Bulk Condo Sale on Upper West Side
JLL Capital Markets has closed the $45.625-million bulk sale of 111 condominium units at 100 W. 93rd St., a 280-unit, 301,776-square-foot residential condominium property with ground-floor retail on Manhattan’s Upper West Side. JLL also assisted with the financing for the buyer, Aulder Capital.
The JLL Capital Markets team representing the seller, ABC Properties was led by Chairman-NY Investment Sales Bob Knakal; managing directors Hall Oster, Paul Smadbeck and Jonathan Hageman; VPs George D’Ambrosio and Teddy Galligan, and associate Braedon Gait. The financing was led by senior managing director Max Herzog and VP Marko Kazanjian.
“This bulk condominium package will benefit from a repositioning campaign and the activation of the second-floor outdoor amenity space,” Knakal said. “The layouts and configurations present significant opportunity for renovation as the units become vacant, with the possibility of market-rate rentals or individual unit sales.”
- ◦Sale/Acquisition
