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JLL Lists Apartments with Chase Branch on Upper West Side
JLL Capital Markets was tapped by Endeavor Guidance LLC to market 57 W. 86th St. on Manhattan’s Upper West Side. The asking price is $15.25 million for the four-story, 13,290-square-foot property that offers a double-height retail space on the ground floor, occupied by JP Morgan Chase, and 12 apartments on the upper floors.
The JLL team overseeing the assignment includes Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin, Tim O’Brien and Braedon Gait. “This is an excellent opportunity for an investor to own an exceptionally well-located, retail-driven asset on one of the Upper West Side’s main thoroughfares,” said Smadbeck.
Originally built as two row houses at Numbers 57 and 59, the property was converted into one building in 1929 by the Corn Exchange Bank and Trust Co. to be used as its Upper West Side location. The ground-floor retail space has been continuously occupied by a bank since then.
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- ◦Sale/Acquisition
