Massey Knakal Retained Exclusively to Sell a Fee Position Under Two Elevator Buildings in Manhattan
Massey Knakal Realty Services has been retained on an exclusive basis to sell the Unsubordinated Fee Interest subject to a long-term ground lease under two elevator apartment buildings located at 119-125 Madison Avenue and 27-29 East 30th Street in Manhattan.
The twelve-story apartment building at 119-125 Madison Avenue, located on the northeast corner of Madison Avenue and East 30th Street, is approximately 111,457 square feet. The building at 27-29 East 30th Street, located between Madison and Park Avenues, is a seven-story building with approximately 21,095 square feet. Combined, the two buildings have 125 rental apartment units and nine retail spaces.
“With interest rates on risk free investments as low as they are, an investment opportunity like this will attract overwhelming attention from the market today,” stated Massey Knakal Chairman Bob Knakal who is marketing the property with Vice Chairman, John Ciraulo.
For more information on this listing, contact Bob Knakal or John Ciraulo 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.