Successful Sale of 626-628 West End Avenue in Manhattan’s Upper West Side
Bob Knakal arranged the sale of 626-628 West End Avenue, a classic 18-unit multifamily walk-up building on the Upper West Side of Manhattan. The transaction closed on July 26, 2004, at a sale price of $2,550,000.
This was the first time the property had been sold, making it a rare opportunity for investors to acquire a well-located residential asset on West End Avenue. Bob Knakal’s representation led to a competitive outcome in a highly sought-after submarket.
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Sale Details
Located between 90th and 91st Streets, the building benefited from its proximity to Riverside Park, express subway stations, and the enduring appeal of West End Avenue. Bob Knakal marketed the asset as an ideal investment for buyers seeking long-term value in a prime neighborhood.
- Sale Price: $2,550,000
- Property Type: Multifamily – Walk-Up
- Square Footage: 5,532 SF
- Price per SF: $460.95
- Sale Date: July 26, 2004
- Units: 18
- Address: 626-628 West End Avenue, New York, NY 10024
- Neighborhood: Upper West Side, Manhattan
Property Details
626-628 West End Avenue is a prewar walk-up building featuring 18 residential units. Its scale and location made it an attractive addition to any investor’s portfolio. The building’s layout likely included a mix of studio and one-bedroom apartments, typical of the area’s multifamily housing stock.
The sale marked the property’s first transfer, underscoring the rarity of such opportunities on West End Avenue, a corridor known for its architectural charm and residential stability.
Market Positioning and Strategy
To position the asset effectively, Bob Knakal implemented a direct outreach strategy to active multifamily investors, with emphasis on:
- Long-term value in a stable rental market
- The desirability of West End Avenue frontage
- Proximity to Riverside Park and express trains
The marketing generated immediate interest, leading to a timely and well-executed sale at nearly $461 per square foot — strong pricing for a walk-up in 2004.
Neighborhood Overview
The Upper West Side continues to draw investor interest due to:
- Proximity to Riverside Park and Central Park
- Well-established residential appeal with high tenant demand
- Access to 1/2/3 subway lines and key retail corridors
- Architectural charm and consistent rental income
Conclusion
The sale of 626-628 West End Avenue demonstrates Bob Knakal’s ability to generate market momentum for rarely traded assets. His strategic approach, market insight, and investor network helped secure a strong outcome for the seller and brought a first-time sale to a successful close in Manhattan’s Upper West Side.
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Frequently Asked Questions
What kind of property is 626-628 West End Avenue?
It’s a prewar 18-unit multifamily walk-up building located on Manhattan’s Upper West Side.
Why was this sale notable?
This was the first time the property had ever traded, making it a rare investment opportunity on West End Avenue.
What made the location attractive to buyers?
The property is near Riverside Park, public transportation, and is situated on a prestigious residential corridor with steady tenant demand.
