JLL Capital Markets completes sale of 54,800 s/f six-story apartment building

New York, NY JLL Capital Markets has closed the $6.55 million sale of 353 Fort Washington Ave., a six-story, 36-unit, 54,800 s/f, elevatored residential building. JLL represented the seller, The Lewner Estate. Alma Realty acquired the property.

The building occupies the entire southern block-front along West 176^th St. between Fort Washington and South Pinehurst Ave. and overlooks J. Hood Wright Park. The unit mix consists of spacious two-, three- and four-bedroom units and one studio apartment. 

The property features convenient subway access via the A line, located one block away at W. 175^th St. New York Presbyterian Hospital is located seven blocks south of the property. 

The JLL Capital Markets team representing the seller was led by chairman Bob Knakal; managing directors Jonathan Hageman, Clint Olsen and Hall Oster and vice president Teddy Galligan. 

“This well-maintained stand alone is an outstanding long-term opportunity,” Knakal said. “Its location on the border of Hudson Heights and Washington Heights, with access to incredible green space and transit, makes it a highly attractive asset.”