News:
Brokerage
Posted: March 17, 2008
Nelson of Massey Knakal reps. seller in the $9.2m sale of five-story bldg.
Massey Knakal Realty Services has sold a mixed-use, five-story walk-up building at 86 University Place on the border of Greenwich Village and Union Sq. in an all-cash transaction valued at $9.2 million.
The 24 ft. wide property is located on the west side of University Place between East 11th and East 12th Sts. It contains 7,365 s/f including a Mexican restaurant on the ground, first and second floors and four fair market apartments on floors two through five - a one-bedroom, a two-bedroom and two three-bedrooms. The property also contains 6,933 s/f of unused air rights. The property sold for $1,249 per s/f to a 1031 exchange investor from N.J.
Massey Knakal managing director/partner James Nelson exclusively represented the seller. Massey Knakal and Jared Lustbader were the brokers in this transaction.
Tags:
Brokerage
MORE FROM Brokerage
CM&B completes Activate Games’ NYC debut in Union Square
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
.gif)
August Promotion
