James MacIntyre pays $5.5M for 6-unit walkup in Upper West Side
James W. MacIntyre IV through the entity 18 West 95th Street LLC paid $5.5 million to Catherine Golding-Cremoux and Gerard Cremoux through the entity Cremoux, Catherine for the six-unit residential walkup building (C2) at 18 West 95th Street in Upper West Side, Manhattan.
The deal closed on June 13, 2023 and was recorded on June 26, 2023. The property has 4,216 square feet of built space and 2,011 square feet of additional air rights for a total buildable of 6,233 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,292 and the price per buildable square foot is $874 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 seller bought the property on December 19, 2014, for $5 million. The signatory for Catherine Golding-Cremoux and Gerard Cremoux was Catherine Golding-Cremoux and Gerard Cremoux. The signatory for James W. MacIntyre IV was James MacIntyre.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer James W. MacIntyre IV had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Catherine Golding-Cremoux had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Gerard Cremoux, joint owner and Catherine Golding-Cremoux, joint owner. The 4,216-square-foot property generated revenue of $181,920 or $43 per square foot, according to the most recent income and expense figures.
The property
The residential walkup building with 6 residential units in Upper West Side has 4,216 square feet of built space and 2,011 square feet of additional air rights for a total buildable of 6,233 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 100 feet deep with a total lot size of 1,812 square feet. The zoning is R7-2 which allows for up to 3.44 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 $2.7 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 received two DOB 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 seven of the 24 commercial properties representing 722,501 square feet of the 815,400 square feet. The largest owner is Weinreb Management, followed by Lefrak and then Joseph Braun.
There are no active new building construction projects on this tax block.
The majority, or 86 percent of the 815,400 square feet of built space are elevator buildings, with walkup buildings next occupying 14 percent of the space.
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