NEW YORK CITY-Two pre-war apartment buildings on Manhattan’s Upper West Side at 201 W. 92nd St. and 200 W. 93rd St., have recently traded for $61 million to a Manhattan-based operator. Eastern Consolidated’s director George Moss, senior director Deborah Gutoff, with analyst Paul Nigido, represented the seller, a partnership including Kent Swig of Swig Equities, while Brian Ezratty, vice chairman of Eastern Consolidated, procured the buyer and negotiated the financing on his behalf with iStar Financial.

Gutoff tells that she cannot disclose the buyer’s identity at this time, however she did note that there were a “half a dozen” bidders. The taking price of the building, which was built in the 1930s, was “close to the negotiated asking price,” she adds. The selling price is an “excellent price for this asset in the market.”

The buildings comprise the entire block front on Amsterdam Avenue between West 92nd and West 93rd streets with 134 rental units and 11 retail stores with more than 10,000 sf. The buyer was attracted to the upside potential of the property, Gutoff says, including improving the units, and long-term development potential. “Rents are low in the building and there’s opportunity for them to raise. The property has 200 feet of added new retail, which is hard to find in critical mass, especially on the Upper West Side.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.