William I. Blanchard of Wm Blanchard Co. pays $7M for multifamily property in the Upper West Side

William I. Blanchard of Wm Blanchard Co. through the entity Hillside Fields, L.L.C. paid Bryan Binder’s 120 West 74th Street LLC $7.1 million for 120 West 74th Street in the Upper West Side. The deal closed on May 12, 2020, and was recorded on May 15, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 10 residential units. The property is 6,610 square feet. The parcel(s) have total development potential of 8,993 square feet.
The average sale price per square foot is $784.

This sale went into contract November 20, 2019. The last time the property sold was November 1, 2010, for $3,775,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,500,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $171,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link