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

Massey Knakal Retained Exclusively To Sell Apartment Building Located In Trenton

09/13/2013

Massey Knakal Realty Services has been retained exclusively to sell an apartment building at 489 West State Street in Trenton, New Jersey announced David A. Simon, SIOR, Executive Managing Director. The property, known as The Luther Towers, is located between Fisher Avenue and Richey Place on the east bank of the Delaware River in Trenton, New Jersey.

The 13-story elevator building contains approximately 111,313 square feet and has 205 residential units. The building has an on-site laundry facility located on the first floor and a full time superintendent.  Additionally, there are 68 parking spaces. The building was completely renovated in 2009 including new windows, roofing as well as upgrades to many of the apartment and common areas. The asking price is $10,500,000.

Massey Knakal’s Robert M. Shapiro and Andrew Helfst are exclusively marketing this property.

Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and financing of their properties. With over 150 employees, four offices and thorough coverage of the five boroughs of New York City, Westchester County, Long Island and New Jersey, Massey Knakal dominates the New York metropolitan area's property transaction marketplace.  For over two decades, Massey Knakal has focused on building strong relationships within the neighborhoods we represent and developing an extensive database of customers that includes all of the major investors, institutions, agencies and individuals that are active in real estate in the area. Our dedication to neighborhood knowledge and relationship building is a source of continuing pride and success for Massey Knakal, and through our Territory System™, our agents have partnered with owners throughout the city to close over 4,500 transactions, with an aggregate value in excess of $17 billion since 1988.

http://www.masseyknakal.com

 

09/13/2013 - 08:57

Source

Cushman & Wakefield Capital Markets Group New York

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