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

Massey Knakal Retained Exclusively To Sell Mixed-Use Buildings On The Upper East Side

01/15/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell two adjacent mixed-use buildings at 1160-1162 First Avenue. The properties are located between East 63rd and East 64th Streets on Manhattan’s Upper East Side. The asking price is $15,000,000.

The five-story buildings contain approximately 16,850 square feet and sits on a 50’ x 81’ lot.  It currently consists of two retail stores, occupied by 7-Eleven and Lunetta Pizza, and 16 residential units, of which 12 are free market and four are rent stabilized.  The building has approximately 23,650 square feet of available air rights as well.

For more information on this listing, contact Massey Knakal First Vice President of Sales Guthrie Garvin 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

01/14/2013 - 17:04

Source

Cushman & Wakefield Capital Markets Group New York

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