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

MASSEY KNAKAL RETAINED EXCLUSIVELY TO SELL MIXED-USE SITE IN MORRISANIA

05/01/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use property with parking lots at 511 East 164th Street. The site is located on the north side of East 164th Street between Washington and 3rd Avenues in Morrisania.  The asking price is $3,000,000.

The site consists of a three-story, 24,301 square foot mixed-use building with adjacent parking lots. The properties are on a block-through lot with approximately 75’ of frontage on East 164th street and 47’ of frontage on Weiher Court. The site is currently occupied by an owner user in the wholesale business, but will be delivered vacant. The building features a freight elevator, new windows and roof.

The M1-1/R7-2/MX-7 zoning district permits industrial, mixed-use, residential, or community development.

The site lies in the heart of the Morrisania neighborhood which has seen a substantial increase in residential and retail development over the past decade.  The property is within close proximity to the Cross Bronx Expressway, Sheridan Expressway, and Bruckner Expressway.

For more information on this listing, contact Massey Knakal First Vice President of Sales David Simone 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 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

05/01/2012 - 14:08

Source

Cushman & Wakefield Capital Markets Group New York

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