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

Massey Knakal Retained Exclusively To Sell Large Scale Development Properties In Financial District

10/28/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell adjacent development properties at 19-21 and 25-27 Beekman Street. The properties are located between Nassau and William Streets in Manhattan’s Financial District.  Ownership is requesting proposals and a bid deadline has been set for Friday, November 7th at 5:00pm.

Combined, the properties deliver up to approximately 160,000 buildable square feet including 135,000 as-of-right plus plaza bonus, and over 113 feet of frontage along Beekman Street.  It is possible to further increase the development potential by purchasing Inclusionary Air Rights from within the community board.  No height restrictions for the new building would mean spectacular views of the East River and City Hall Park.

19-21 Beekman Street contains approximately 76,992 buildable square feet and features 44.25 feet of frontage.  The property is being marketed exclusively by Massey Knakal Chairman Bob Knakal, John F. Ciraulo, and Will Suarez.

25-27 Beekman Street contains approximately 84,604 buildable square feet and features 68 feet of frontage. It is being marketed exclusively by Bob Knakal and Will Suarez.

Both properties are situated just a few blocks from the newly developed Fulton Center, providing access to multiple major subway lines and the PATH train. The Brooklyn Bridge, City Hall Park, and Lower Manhattan’s historic waterfront are in close proximity. In addition, the recently completed One World Trade Center is also nearby and expected to become one of the top tourist destinations in the city.

www.masseyknakal.com

10/28/2014 - 16:03

Source

Cushman & Wakefield Capital Markets Group New York

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