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

Massey Knakal Retained Exclusively To Sell Multifamily Building Located In Hudson Heights

12/31/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a multifamily building at 730 West 183rd Street. The property is located on the corner of West 183rd Street and Robert Magaw Place in Manhattan’s Hudson Heights neighborhood. The asking price is $11,000,000.

The five-story walk-up building contains approximately 40,000 square feet and sits on a 100’ x 92’ lot.  It consists of 44 residential units, of which 21 are three-room, 14 are four-room, and eight are five-room apartments.  This offering presents investors with a rare opportunity to capitalize on below market rents in one of Northern Manhattan’s most established and sought-after neighborhoods.

The property is ideally located near the bustling Broadway and 181st Street retail corridors and surrounded by neighborhood anchors such as New York Presbyterian Hospital, Port Authority Bus Terminal, Fort Tryon Park, and P.S. 187 Hudson Cliffs.  It is in close proximity to the Henry Hudson Parkway and Riverside Drive, and public transportation is easily accessible with the A train stop at Fort Washington Avenue and West 181st Street.

This property is being marketed exclusively by Massey Knakal Chairman Bob Knakal and Robert Shapiro.

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

12/31/2013 - 11:11

Source

Cushman & Wakefield Capital Markets Group New York

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