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Brokerage
Posted: March 10, 2008
Nelson and Lala of Massey Knakal Realty Services represent seller in $2.7 million sale
A three-story, walk-up apartment building with 11 residential units and two commercial units at 16 Hall Place was sold by Massey Knakal Realty Services in an all-cash transaction valued at $2.7 million.
The property is located on Hillside Place between Fisher Ave. and White Plains Rd. It contains a 3,800 s/f garage. The building has been managed with many system and structural upgrades including new mailboxes and storefronts. The property contains 16,000 s/f. The building sold for $168.75 per s/f to a Westchester investor. Massey Knakal managing directors/partners James Nelson and Marco Lala represented the seller. Eric Goldschmidt of Goldschmidt & Associates and Pat Forgione represented the buyer.
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