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

Massey Knakal Retained Exclusively To Sell Loft Building Adjacent To The High Line

12/05/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a loft building at 504 West 22nd Street. The property is located adjacent to The High Line between Tenth and Eleventh Avenues in Manhattan’s Chelsea neighborhood.  The asking price is $7,250,000.

The five-story building contains approximately 4,885 square feet and sits on a 22.4’ x 49.4’ irregular lot.  The property will be delivered vacant and benefits from C6-2 / WCH zoning which allows for the building to be repositioned into either high-end residential townhome or boutique commercial use.  Strong ceiling heights throughout range from 9.1’ on the lowest end and 10.7’ on the parlor floor providing an open loft feel while receiving immense natural light from the open space created by The High Line.  Also, with over 22’ of frontage, the building’s width contributes to the airy feel of each floor.  With unique charm throughout, the property provides the ultimate conversion opportunity for a truly special building in an unbeatable location.

Located directly adjacent to The High Line in Chelsea, this property provides ideal rooftop frontage nestled close enough to benefit from the park’s energy and excitement, but just high enough above the trestles to provide adequate peace and privacy.  The immediate vicinity features highly celebrated condominium developments, impressive residential rentals and dozens of art galleries and showrooms. 

"This is the best building in West Chelsea for a buyer who is looking for residential or gallery space - the view from the roof says it all," said Massey Knakal’s Brock Emmetsberger, who is exclusively marketing this property.

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

12/05/2013 - 11:06

Source

Cushman & Wakefield Capital Markets Group New York

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