Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell 33 Acres In Manhasset

11/13/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a development site at 251 Searingtown Road. The property is located on the west side of Searingtown Road, just north of the Long Island Expressway in the Village of North Hills in Long Island’s Manhasset neighborhood. The asking price is $49,000,000.

This property is an approximately 71,834 square foot retreat center, situated on approximately 33 acres of land.  This exquisite 87-room Tudor Elizabethan mansion was originally built in 1920 and features a reflecting pool on the grounds.  The site contains approximately ¼ mile of frontage on Searingtown Road.

The property will be delivered completely vacant upon closing, posing a prime development opportunity.  A truly unique offering, the site allows for an array of redevelopment possibilities such as a private gated community, luxury townhomes or condominium units, or a community facility. 

“A development site of this caliber is rarely available and we are thrilled to be representing The New York Province.  We look forward to strong demand from an array of buyers,” said Massey Knakal First Vice President of Sales Guthrie Garvin, who is exclusively marketing this property with Massey Knakal Partner Thomas A. Donovan.

For more information, contact Guthrie Garvin at 212.696.2500 or Thomas A. Donovan at 718.275.3400.

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.

www.masseyknakal.com

11/13/2012 - 13:06

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here