Massey Knakal retained to sell 149 West 27th Street

Massey Knakal Realty Services has been retained on an exclusive basis to sell a commercial building located at 149 West 27th St., located mid-block on the north side of West 27th St. between Sixth and Seventh Aves. The subject four-story commercial building features one elevator and consists of four floor-through units comprised of one retail unit on the ground floor and three commercial units above. One of the tenants is on a month-to-month lease allowing for immediate user potential. Coupled with two of the remaining three leases expiring in 2014 and the third lease expiring in October 2016, this investment presents an ideal future development opportunity in the heart of Chelsea. With a buildable square feet of approximately 27,570, this investment presents an ideal future development opportunity in the heart of Chelsea. "This property represents a great user or development opportunity in a dynamic neighborhood," said Massey Knakal Chairman Bob Knakal who is handling this transaction along with Sales Team Manager Jonathan Hageman. They can be reached at 212.696.2500. Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion