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

Massey Knakal Retained Exclusively to Sell Loft Building in TriBeCa

02/18/2015

Cushman & Wakefield has been retained on an exclusive basis to sell a loft building at 51 White Street, located between Broadway and Church Street in Manhattan’s TriBeCa East Historic District.  The asking price is $23,950,000.

The five-story building contains approximately 16,908 square feet and sits on a 38.67’ x 99.67’ lot.  In addition, the property benefits from approximately 6,365 square feet of air rights potentially allowing a developer to build a penthouse unit, subject to Landmarks’ approval.  The building features at least 12.5’ ceiling heights with oversized windows on all floors and the roof top offers Empire State Building views to the north and World Trade Center views to the south.  The property will be vacant shortly, making it an excellent conversion opportunity in one of Manhattan’s most sought after residential neighborhoods.

“We are very excited to bring this property to a market that is lacking conversion sites. Rarely do such opportunities with ceiling heights over 12’ on every floor become available,” said Cushman & Wakefield’s James Nelson, who is exclusively marketing this property with Will Suarez and David Shalom.

02/18/2015 - 14:45

Source

Cushman & Wakefield Capital Markets Group New York

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