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

Massey Knakal Retained Exclusively To Sell Mixed-Use Building In East Village

06/02/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use elevator building at 6 Saint Mark’s Place. The property is located between Second and Third Avenues in the East Village. The asking price is $16,750,000.

The five–story plus lower level building contains approximately 15,200 square feet and sits on a 26’ x 120’ lot. The ground floor is currently vacant and expected to be leased out shortly, while the second floor is being leased by an art gallery and café and floors three through five are occupied by a karaoke lounge. This is an excellent opportunity for an investor who wishes to receive a steady cash flow from the current tenants in a rapidly growing neighborhood or a user who is looking to create a presence on one of the most iconic blocks in the East Village.

“Saint Mark’s Place has recently undergone a transformation into a vital crossroad linking the East Village and NoHo, much like West 8th Street has done for that section of Greenwich Village,” said Mitch Levine, who is exclusively marketing the property alongside Partner, James Nelson.  “With Edward Minskoff’s 400,000 square foot office building at 51 Astor Place almost fully leased and the expansion of Facebook’s New York headquarters at 770 Broadway which now totals 160,000 square feet, 6 Saint Mark’s Place will undoubtedly benefit from the influx of additional foot traffic which is set to descend on the neighborhood,” added Nelson. 

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

06/02/2014 - 10:09

Source

Cushman & Wakefield Capital Markets Group New York

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