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Parkwood Realty Acquires Manhattan Storefront

158-162 W. 83rd St. Fetches $12.5 Million
July 12, 2006
Claire Real Estate LLC sold 158-162 W. 83rd St. to Parkwood Realty Associates LLC, a New York real estate firm, for $12.5 million, or approximately $1,100 per square foot.

The two-story, 11,341-square-foot retail building is on the Upper West Side in New York City. Built in 1913, the building features 58 feet of frontage on W. 83rd St. The property consists of two commercial units occupied by Crunch Gym and Klausner Supply Co. Crunch Gym leases approximately 80% of the property and pays for all utilities and repairs to the building.

The buyer did not have broker representation.

See CoStar Comp# NYC-63106-05-0620 for more information.

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