HISTORIC MULTIFAMILY BUILDING IN NYC SELLS FOR $8.6M

NEW YORK CITY — For the first time in more than 50 years, a historic row house located at 36 Riverside Drive in Manhattan has sold. A Long Island-based developer purchased the 7,380-square-foot residential building for $8.6 million. The five-story building includes eight multifamily units. Nestled in a historic landmark district alongside Riverside Park at 76th Street, 36 Riverside Drive was one of the earliest row houses (1888-89) to be constructed on the Drive. Adelaide Polsinelli, senior director at Eastern Consolidated, Kevin McConnell of Himmelstein, McConnell, Gribben, Donoghue & Joseph, Jeffrey E. Glen, Nicholas R. Maxwell of Anderson Kill & Olick, David R. Brody of Borah Goldstein Altschuler Nahins & Hoidel and Milo Silberstein of Dealy Silberstein & Bravernan LLP. Gary Hisiger of Moritt Hock & Hamroff LLP and Polsinelli represented the buyer in the transaction.