Luxury Townhouse on West 71st Street Sells for Record-Breaking Price
68 West 71st Street sells for undisclosed amount, setting a new record for the Upper West Side.
The sale of 68 West 71st Street has made headlines in the commercial real estate world, as it marks a new record for the Upper West Side. The luxury townhouse, which boasts over 10,000 square feet of living space, was sold by a private family trust and purchased by an anonymous buyer. The deal was brokered by a team from a top commercial real estate firm, who declined to comment on the specifics of the transaction.
The property, located just steps away from Central Park, features six floors of living space, including a grand entrance hall, multiple living rooms, a formal dining room, and a spacious kitchen. The townhouse also includes a private elevator, a rooftop terrace, and a garden.
While the sale price has not been disclosed, sources close to the deal suggest that it was well above the previous record for the Upper West Side, which was set in 2015 when a townhouse on West 76th Street sold for $35 million.
The sale of 68 West 71st Street is a testament to the strength of the luxury real estate market in New York City, which has seen a surge in demand in recent years. The Upper West Side, in particular, has become a hot spot for high-end buyers, thanks to its proximity to Central Park and its charming brownstone-lined streets.
The buyer of the property remains anonymous, but sources suggest that they are a high-net-worth individual who plans to use the townhouse as a primary residence. The seller, a private family trust, has not disclosed their reason for selling the property.
The deal was brokered by a team from a top commercial real estate firm, who are known for their expertise in the luxury real estate market. While they declined to comment on the specifics of the transaction, they noted that the sale of 68 West 71st Street is a sign of the continued strength of the New York City real estate market.
Overall, the sale of 68 West 71st Street is a significant milestone for the Upper West Side and the luxury real estate market in New York City. With demand for high-end properties on the rise, it will be interesting to see what other record-breaking deals will be made in the coming months.