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JLL's New York capital markets team arranged the sale of a prewar apartment building on Manhattan's Upper West Side

JLL Closes Sale of Prewar Upper West Side Apartments 

JLL Capital Markets completed the $50.75-million sale of 740 West End Ave., a 101-unit, prewar, mixed-use, elevator building on Manhattan’s Upper West Side. The JLL team represented the seller, Wolk Properties, LLC, a long-term family ownership group, and procured the buyer, Aya Acquisitions, the investment firm founded by Amir Shriki. 

The JLL Capital Markets team completing the transaction included chairman of New York investment sales Bob Knakal, managing directors Hall Oster, Jonathan Hageman and Paul Smadbeck, VP Teddy Galligan and analyst Braedon Gait. Constructed in 1915, the 135,460-square-foot property has been owned and maintained by the same family for generations 

“West End Avenue is one of the most beautiful streets on the Upper West Side of New York, and the buyer is positioned to capitalize on substantial near- and long-term upside from the asset’s vintage design and the tremendous surge in post-pandemic rental demand,” said Knakal. 


Inside The Story

JLL's Knakal

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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