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

Massey Knakal Retained Exclusively To Sell Office Building And Adjacent Parking Lot In Morris Park

03/12/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell an office building and adjacent parking lot at 1160 & 1165 Morris Park Avenue. The properties are located between Hering and Yates Avenues in the Morris Park section of the Bronx.

1165 Morris Park Avenueis a four-story building with usable basement containing approximately 53,500 gross square feet on a 200’ x 100’ lot. It features approximately 200 feet of frontage along Morris Park Avenue with additional on-site parking for up to ten cars. Constructed in 1969, the building is nicely built-out and consists of numerous office, classroom and seminar spaces, with the basement level containing predominantly large modern classrooms. Additional features include two passenger elevators, concrete construction with steel framing, a partial sprinkler system and at least 1,600 amps of electric service. The property will be delivered vacant. 1160 Morris Park Avenueis an approximately 200’ x 100’ parking lot with spaces for up to 70 cars. It contains approximately 18,000 buildable square feet.

The properties are located within Community Board 11 in the highly sought after neighborhood of Morris Park.  They are easily accessible by public or private transportation and benefit from their immediate proximity to public health servicers, including Albert Einstein College of Medicine, Jacobi & Montefiore Medical Centers, and Calvary Hospital.  These properties represent a rare opportunity for an owner/user or investor to acquire a substantial office building in a prime Bronx commercial district.

For more information on this listing, contact Massey Knakal Chairman Bob Knakal or Director of Sales Nick Burns 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

03/12/2013 - 14:33

Source

Cushman & Wakefield Capital Markets Group New York

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