7-unit UWS walkup sells for $8.3M

David Iles through the entity 53 West 74th LLC paid $8.3 million to Shelley Pritchett through the entity Pritchett Townhouse LLC for the seven-unit residential walkup building (C5) at 53 West 74th Street in Upper West Side, Manhattan. The expected use is cash flowing.
The deal closed on April 30, 2026 and was recorded on May 15, 2026. The property has 7,026 square feet of built space and 1,144 square feet of additional air rights for a total buildable of 8,172 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,181 and the price per buildable square foot is $1,015 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Shelley Pritchett was Shelley Pritchett. The signatory for David Iles was David Iles. The contract date was March 31, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer David Iles had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Shelley Pritchett had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Shelley Pritchett, head officer. The business entity is Pritchett Townhouse Llc.

The property

The residential walkup building with 7 residential units in Upper West Side has 7,026 square feet of built space and 1,144 square feet of additional air rights for a total buildable of 8,172 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 102 feet deep with a total lot size of 2,043 square feet. The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The property is in the Upper West Side / Central Park West Historic District. The city-designated market value for the property in 2022 is $4.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 33 of the 39 commercial properties representing 308,913 square feet of the 352,691 square feet. The largest owner is Brusco Group, followed by Lisa Czolacz and then Viking Management.
There are no active new building construction projects on this tax block.

The majority, or 73 percent of the 352,691 square feet of built space are walkup buildings, with elevator buildings next occupying 25 percent of the space.

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