JLL closes on sale of Upper West Side apartment building

New York, NY JLL Capital Markets has closed on the $9.5 million sale of 203 West 80th St., a turnkey Upper West Side luxury apartment building with 10 recently-renovated free market  units.

JLL represented the seller, a joint venture of Alchemy Ventures and Z+G Property Group. The property was acquired by and overseas investor. 

Located on the north side of West 80th St. between Broadway and Amsterdam Ave.'s, 203 West 80th St. recently underwent a full renovation which comprised of gut renovations of all apartments, new building systems and upgraded common areas.

Originally built in 1900, the building is configured as 10 rental apartments, all of which are free market. The units consist of four one-bedroom apartments, four two-bedrooms and two three-bedroom apartments. The ground floor apartments are combined with the cellar to create front and back duplexes, and the 5th floor apartments are combined with two 6th floor additions to create front and back penthouses with private rook decks.

The well-located property is steps from the world class retail corridors of Broadway and Amsterdam Ave. and only an eight-minute walk from Central Park. Nearby transportation options include the 79th St. 1 subway station and the 81st B-C subway station.

The JLL Capital Markets team representing the seller was led by managing directors Hall Oster and Paul Smadbeck; vice presidents Teddy Galligan and Conrad Martin; with associate Braedon Gait.

“Ownership executed a meticulous renovation during the peak of the pandemic and delivered a level of finish absent from the Upper West Side,” said Oster. “The purchasers will benefit from the quality renovations as the market continues along the Covid recovery.”