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

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

06/28/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 228 East 58th Street. The property is located between Second and Third Avenues in Manhattan’s Midtown East neighborhood. The asking price is $11,250,000.

The five-story gut renovated building contains approximately 7,200 square feet and sits on a 20’ x 100.42’ lot.  It is configured with a retail showroom on the ground and second levels, featuring approximately 20 feet of glass frontage, double height storefront, a 1,000 square foot terrace in rear, and a full basement with bathroom.  The third, fourth, and fifth floors are configured with six residential apartments, of which three are one-bedroom and three are alcove-studios.  Property highlights include updated HVAC, gas heat, updated wiring, video intercom, and heated sidewalks.

This property is located on Designers Way, directly across from the Decoration & Design Building and Architects & Designers Building.

For more information on this listing, contact Thomas D. Gammino, Jr. or Clint Olsen at 212.696.2500.

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

06/28/2013 - 08:03

Source

Cushman & Wakefield Capital Markets Group New York

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