Hubb NYC Nabs UWS Resi Rental Building From Catalpa Development for $22.2M
Lauren Elkies Schram July 20, 2016, 1:45 p.m.
Midtown-based real estate investment firm Hubb NYC Properties has purchased a residential rental building on the Upper West Side from Catalpa Development for $22.2 million, according to David Ash of Prince Realty Advisors, who represented both sides in yesterday’s transaction.
The 10-story building at 210 West 96th Street between Amsterdam Avenue and Broadway is comprised of nine three-bedroom, three-full-bathroom apartments and a 2,400-square-foot retail space, which is occupied by H&R Block.
The green building was originally conceived by developer Manor Properties Group for Catalpa as a luxury condominium in 2009, Ash said. The apartments each have solid teak flooring, double-paned floor-to-ceiling windows, central AC and heating with multi-zone controls, a private refuse room and chute, garbage disposal, central vacuum system and Asko washer and dryer, according to StreetEasy.com. Building amenities include a keyed elevator building with 24/7 virtual doorman, valet closets for packages and refrigerated deliveries, common rooftop space and private rooftop cabanas equipped with water, electricity and gas, StreetEasy.com indicates.
Catalpa bought the property in March 2008 for $6.8 million from S.C. Sang Realty Group, property records indicate.