Calano & Calano Realty Corp. pays $4.5M for 10-unit UWS rental

Calano & Calano Realty Corp. through the entity Calano & Calano Realty Corp. paid Chris McDonnell’s Mcdonnell Company $4.5 million for 124 West 78th Street in the Upper West Side. The deal closed on August 7, 2020, and was recorded on August 17, 2020. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 10 residential units. The property is 5,871 square feet. The parcel(s) have total development potential of 6,196 square feet.
The average sale price per square foot is $726.
The signatory for the buyer was Michael A. Calano.
The contract date was May 8, 2020.

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