Upper West Side Mixed-Use for Sale: $13.5 M.
Jotham Sederstrom March 16, 2011, 5:27 p.m.
A landmarked, 124-year-old building at the center of the Upper West Side’s high-end shopping stretch has gone on the block for $13.5 million, according to brokers. Besides being historic, however, the mixed-use building at 241-247 Columbus Avenue, at 71st Street, is already home to more than 100 feet of retail frontage, including space filled by Paige Premium Denim, Harry’s Burritos and Clarins, the cosmetics haven.
In all, 2,492 rentable square feet of space is currently leased to three retailers, all of which operate under 16 one-bedroom apartments, said brokers involved with it.
Architectural firm Thom and Wilson designed the five-story brick Romanesque Revival building, according to records. “This is one of the prime retail corners of the Upper West Side,” said Massey Knakal senior vice president of sales, Paul Smadbeck, who is marketing the property exclusively with associate Timothy Hay. “We expect the meticulous stewardship of this family owner for over 60 years will pay off with tremendous demand for the asset.”
News of this appeared first in our commercial newsletter.