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

Massey Knakal Retained Exclusively To Sell Mixed-Use Building In Hudson Yards

11/04/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 410 West 36th Street. The property is located between Ninth and Tenth Avenues in Manhattan’s Hudson Yards. The asking price is $7,500,000.

The six-story walk-up building contains approximately 10,005 square feet and sits on a 25’ x 98.75’ lot. It consists of three commercial units and 20 residential apartments, of which 13 are rent stabilized, four are free market, two are rent controlled and one is vacant.

The property is within walking distance of Related’s Hudson Yards mixed-use development project. There is substantial future upside in the rents as demand for apartments is expected to increase in the area. This offering represents an ideal investment opportunity with strong in-place cash flow and the potential to increase the below market rents.

This property is being marketed exclusively by Massey Knakal Chairman Bob Knakal, James Nelson and Matt Nickerson.

www.masseyknakal.com

11/04/2014 - 13:26

Source

Cushman & Wakefield Capital Markets Group New York

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