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

Massey Knakal Retained Exclusively To Sell Newly-Developed Luxury Apartment Building Located In East Village

05/08/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 189 Avenue C. The property is located between East 12th and East 11th Streets in Manhattan’s East Village. The asking price is $33,000,000. 

The ten-story elevator-serviced building is “L”-shaped and sits on a 39’ x 83’ irregular lot. A commercial unit consisting of approximately 2,225 square feet sits on the ground floor, as well as a community facility unit consisting of approximately 627 square feet.  On the upper floors are 35 luxury apartments which combine for approximately 37,310 square feet.  Of the apartments, five are studios, 13 are one-bedroom, nine are two-bedroom, and eight are three-bedroom of which two have terraces. The building benefits from a useable rooftop, a fully-functioning gym, 24/7 security and washer/dryer units in each apartment.  The building has a temporary 421-a certification, making all units rent stabilized.

“Newly developed elevator buildings are a rare commodity in the East Village. In addition, 189 Avenue C has condo quality finishes which provide the buyer an opportunity to convert the building at a future date,” said Massey Knakal’s Michael DeCheser, who is exclusively marketing this property.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

05/08/2014 - 09:27

Source

Cushman & Wakefield Capital Markets Group New York

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