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

Massey Knakal Retained Exclusively to Sell Commercial Building in Chelsea

07/25/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a commercial
building located at 149 West 27th Street, located mid-block on the north side of West 27th Street
between Sixth and Seventh Avenues.


The subject four-story commercial building features one elevator and consists of four floorthrough
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,”
stated 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.

www.masseyknakal.com

07/25/2012 - 10:31

Source

Cushman & Wakefield Capital Markets Group New York

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