Real Estate
Developer Set To Buy UWS 166-Unit Apartment Building For $120M: Report
Slate Property Group will purchase a massive Upper West Side apartment building at Columbus and West 89th Street, RealDeal reported.
UPPER WEST SIDE, NY — A developer is buying a massive apartment building on the Upper West Side for $120 million, sources told the Real Deal.
Slate Property Group has entered into contract to purchase 600 Columbus Ave., which is a 166-unit building off the corner of West 89th Street, the Real Deal reported.
The building is 14 stories and was constructed in 1986, according to a listing. An average one-bedroom in the building currently costs around $4,000.
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There is a doorman, available parking, a gym, and a live-in super in the building as it currently stands.
It is unclear what Slate plans to do with the building, as it did not immediately respond to Patch or the Real Deal's request for comment.
Find out what's happening in Upper West Sidefor free with the latest updates from Patch.
A source familiar with the deal told the Real Deal that the 166 units are a mix of market rate and stabilized apartments.
The building towers over the recently shuttered 7-Eleven and ACE Hardware store on the corner of West 89th Street and Columbus. It is across from a large Duane Reade on the west side of Columbus, and a short walk from Central Park.
You can find out more about the deal on the Real Deal's website.
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