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

Massey Knakal Retained Exclusively To Sell Residential Condo Development Project Located In West Harlem

08/21/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a residential condominium development project at 369 West 126th Street. The property is located between Morningside and St. Nicholas Avenues in Manhattan’s West Harlem neighborhood. The asking price is $4,400,000.

This 5-story, 11-unit elevator boutique residential development project contains approximately 8,593 square feet and sits on a 25’ x 99.92’ lot.  The property is approximately 80% complete and can serve as either a condo building or multifamily rental asset.  It will boast five studios, two one-bedroom, and four two-bedroom apartments, including a penthouse unit with two balconies and exclusive access to the rooftop.  The property also benefits from a 15 year 421a tax exemption.   

This property is ideally situated on a cozy residential street, one block north of the 125th Street commercial corridor and around the corner from the A, B, C, and D subway lines on 125th Street and St. Nicholas Avenue.  Its location only 15 minutes from midtown and within walking distance to the Columbia University expansion project makes this a favorable acquisition. 

For more information on this listing, contact Lev Kimyagarov or Josh Lipton 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

08/21/2013 - 19:54

Source

Cushman & Wakefield Capital Markets Group New York

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