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

Massey Knakal Retained Exclusively To Sell Commercial Building On Lower East Side

08/01/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a commercial building at 314-320 Grand Street. The property occupies the entire block front between Allen and Orchard Streets in Manhattan’s Lower East Side neighborhood. The asking price is $32,000,000.

The four-story building contains approximately 29,512 square feet and sits on an 87.10’ x 87.10’ irregular lot.  There are currently four retail tenants.  TD Bank will soon be occupying the entire northeast corner of Allen and Grand Streets, becoming a solid anchor for the building and the entire intersection.  This property benefits from an incredible amount of both pedestrian and automobile traffic.

This property is one of the most architecturally significant and prominent buildings in the Lower East Side and presents a strong investment opportunity on a bustling Lower East Side and Chinatown street.

“Block fronts are exceedingly rare opportunities, especially when they are in such prime downtown locations,” said James P. Nelson, who is exclusively marketing this property with Michael DeCheser.  Both 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 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

08/01/2013 - 19:53

Source

Cushman & Wakefield Capital Markets Group New York

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