Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016
Sold
The Perch
542 West 153rd Street, West Harlem, New York, NY 10031
Multifamily
$19M
Sale Price
29,442 SF
Building Size
$645
Price / SF
Q4 2019
Closing Date
The Story
The team represented the buyer and seller in the transaction of this brand new apartment house to the Olnick Organization for $19,000,000. It was the first Passive House built in New York City, utilizing cutting edge technology to save on energy operating costs and provide healthy spaces for tenants. The property was sold on behalf of an institutional owner to a local New York operator.Property Highlights
- Seven-story, 34-unit, newly-built, multifamily property comprised of one and two-bedroom apartments
- Reduced energy costs by up to 90%
- Amenities include a virtual doorman, exercise room, parking, roof deck and a communal residents’ lounge
Deal Team
Eric Anton