JLL Arranges $10.2M Sale of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — JLL has arranged the $10.2 million sale of a 62-unit apartment building located at 788 Riverside Drive in the Washington Heights area of Manhattan. The 11-story building primarily houses two- and three-bedroom units that have an average size of 1,025 square feet. Of the 62 apartments, 53 of which are rent-stabilized, five are rent-controlled and four are rented at market rates. The buyer and seller were both family offices that requested anonymity. Paul Smadbeck and Hall Oster of JLL brokered the deal.

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