Wells Newell wnewell@friedmanroth.com 646.453.5863 917.549.4520

Wells Newell
wnewell@friedmanroth.com
646.453.5863
917.549.4520

 

Wells Newell

 

Wells Newell joined the Friedman-Roth team in January of 2016. He brings nearly 40 years of real estate experience with him, as well as an entrepreneurial spirit and a proven track record.
His real estate career began just four years after graduating from Rollins College with a B.A. By 1979 Wells had a Real Estate Sales License from New York University. He began working on the Upper East Side with Ziegler Real Estate, where he worked as a rental agent. 
In 1983, Wells branched out into commercial real estate and joined W.S. & G. Real Estate Inc., here in NYC. His specialty proved to be his success in selling apartment buildings in the Washington Heights and Inwood areas, both located in Upper Manhattan. Over the next seven years, Wells sold well over 100 buildings in these areas.
When W.S.& G. merged with The John Anthony Group, Inc. in 1990, Wells continued his success as a broker with the firm. He was with The John Anthony Group for 15 years at which point he started his own commercial real estate company with two other associate brokers. Together they formed The Reilly Mann Newell Realty Group, LLC which was very successful for the three real estate experts. Unfortunately, market conditions and the recession eventually took its toll, and the men dissolved the company in 2011. 
At that point, Wells decided to form his own real estate company called Wells Newell Realty LLC. Wells ran his own company successfully until Friedman-Roth Realty Services LLC was able to lure him away in the fall of 2015. 
Wells now works with a team of knowledgeable and experienced brokers at Friedman-Roth, many of whom he has known and worked with over the last 33 years.
Wells’ coworkers and clients find his knowledge of the NYC real estate market remarkable and his love of the real estate business infectious. Wells credits his success in the business over the years to honesty, integrity and negotiating skills.

Below are a few select transactions that Wells has sold over the last fifteen years.

  1. 165-167-169-171-173 East 90th Street, NY- Five contiguous walkup buildings with 72 apartments. Sold twice, once for $10,250,000 and the second time for $12,495,000.
  2. 414-416-418 Park Avenue South, NY- Three mixed use buildings with 12 apartments and 3 stores. Sold for $7,200,000.
  3. 3105 Decatur Avenue, Bronx, NY- a corner five story building with 56 apartments and 5 stores. Sold for $3,500,000
  4. 4191-99 Broadway, aka 600 West 178th Street, NY- A six story elevator building with 55 apartments and 7 stores. Sold for $6,800,000.
  5. 228 Avenue B, NY- A six story walkup building with 22 apartments and 2 stores. Sold for $3,400,000.
  6. 350 Ft Washington Avenue, NY- A five story walkup apartment building with 40 apartments. Sold for $4,100,000.
  7. 69 Second Avenue, NY- A corner five story walkup building with 12 apartments and 2 stores. Sold for $4,200,000.
  8. 207-09 West 108th Street, NY- A five story walkup building with 20 apartments. Sold for $4,650,000.
  9. 5025 Broadway, NY- A six story elevator building with 66 apartments and 7 stores. Sold for $7,100,000
  10. 2228-30 & 2232 Amsterdam Avenue, NY- Two contiguous five story buildings with 55 apartments and 2 stores. Sold for $2,700,000
  11. 1534 Ericson Place, Bronx, NY- a six story elevator building with 49 apartments. Sold for $4,700,000.
  12. 3015 Roberts Avenue, Bronx, NY- A six story elevator building with 49 apartments. Sold for $4,700,000
  13. 1634 Crosby Avenue, Bronx, NY- A five story walkup building with 20 apartments and 2 stores. Sold for $2,825,000.
  14. 13 St Marks Place, NY- A five story walkup apartment building with 22 apartments and 2 stores. Sold for $6,700,000.
  15. 38-42 West 45th Street, NY- A Midtown development site between Fifth and Sixth Avenue. Sold for $20,000,000.
  16. Three building package in Washington Heights, NY. 1 six story elevator building and 2 walkup buildings with 170 apartments and 3 commercial spaces. Sold for $17,200,000.
  17. 951-953 Amsterdam Avenue, NY- Two contiguous five story buildings with 35 apartments and 2 stores. Sold for $10,638,000.
  18. 3890-98 Broadway, NY- A six story elevator building with 46 apartments and 4 stores. Sold for $11,000,000
  19. 209 West 102nd Street, NY- A five story walkup building with 22 apartments. Sold for $5,375,000.
  20. 565 West 181st Street, NY- A five story walkup building with 2 stores. Sold for $4,000,000.
  21. 527 West 48th Street, NY- A five story walkup building with 20 apartments and 1 commercial space. Sold for $3,825,000.
  22. 533 West 49th Street, NY- A five story building with 20 apartments. Sold for $3,875,000.
  23. 471 Mclean Avenue, Yonkers, NY- A commercial strip center with 5 stores. Sold for $4,950,000.
  24. 87-16 Astoria Blvd., Queens, NY- A commercial strip center with 7 stores. Sold for $5,000,000.
  25. 254 East 203rd Street, 253 East 202nd Street, 254 East 202nd Street, Bronx, NY. Three six story elevator buildings with 155 apartments and 55 indoor garage spaces. Sold for $27,300,000.