CoStar Group

176-182 W 82nd St Sells for $17M

August 21, 2012

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Developer Purchases 4 Apartment Buildings

The Naftali Group and Praedium Group purchased four contiguous apartments buildings located at 176, 178, 180, and 182 W 82nd St in New York, NY for $17.05 million or $852,500 per unit with plans to rehab and convert the buildings into residential condo units.

The four 5-story buildings were built in 1900 and contain a total of 20 units. The buildings are located on the Upper West Side Submarket of Manhattan.

Abraham Aderet, Iris Rossano, and Amit Doshi of Besen & Associates represented the seller in this transaction.

Please see CoStar COMPS # 2508708 for more information on this transaction.