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

Massey Knakal Retained Exclusively To Sell Commercial Building Located On Upper West Side

08/07/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a commercial building at 2710-2714 Broadway. The property is located on the southeast corner of West 104th Street and Broadway on Manhattan’s Upper West Side. The asking price is $23,500,000.

The three-story Art Deco building contains approximately 13,800 square feet and sits on a 70.78’ x 69.08’ lot.  It is currently leased to three tenants, with Rite Aid on the ground floor and two office tenants on the second and third floors.  Constructed in 1930 and designated a New York City Landmark in 2007, the property remains outside of the existing and proposed Upper West Side Historic Districts. It holds approximately 22,969 square feet of air rights. 

This property represents a rare opportunity to reposition a corner Broadway building located in the heart of one of the most dynamic portions of the Upper West Side.  It is ideal for a variety of buyers, including end-users, developers, and retail investors interested in maximizing the property’s long-term potential.

For more information on this listing, contact Massey Knakal Chairman Bob Knakal, Hall H. Oster, or David Simone 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 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

08/07/2013 - 08:20

Source

Cushman & Wakefield Capital Markets Group New York

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