UWS Building With 49 Apartments Asks $20M In Sale

UPPER WEST SIDE, NY — An Upper West Side apartment building with 49 units has hit the market with an asking price of $20 million, according to the real estate agents hired to market the property.

The 12-story elevator apartment building at 308 W. 82nd St., located between Riverside Drive and West End Avenue, contains a mix of 49 studio and one-bedroom apartments, Lee & Associates NYC said. The firm's Vickram Jambu, Chris Varjan, George Steffani and Jonathan Braun are in charge of the listing.

Many of the building's units are newly-renovated, which real estate agents say will appeal to the "young professional set."

"There is limited new construction on the Upper West Side, meaning that these recently renovated apartments will be highly desirable among the young professional set," Varjan said in a statement. "Numerous amenities are available to tenants of this building as well, including a furnished roof deck, gym and residents lounge."

The building's proximity to businesses such as Zabar's, New York Sports Club and Maison Pickle and to the nearby 1 and 2 train station at West 82nd Street and Broadway will also attract tenants, real estate agents said.

The $20 million price tag would represent a profit for the building's current owner, which bought the property in 2013 for $17 million, according to city Department of Finance records. The owner is an entity called Selkirk 308 West 82nd Street LLC. Selkirk 308 West 82nd Street LLC took out a $10.5 million mortgage on the property that same year.