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

Massey Knakal Retained Exclusively To Sell Townhouse / Development Opportunity In East Village

07/21/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell a townhouse / development site at 253 East 7th Street. The property is located between Avenues C and D in Manhattan’s East Village neighborhood. The asking price is $4,250,000.

The vacant four-story townhouse contains approximately 3,860 square feet and sits on a 24.75’ x 97.5’ lot. It consists of four floor-through units including a garden and parlor floor. The building is situated in an R8B zone with a residential FAR of 4.0, which allows for a total buildable square footage of approximately 9,312. Therefore, the buyer could keep the existing structure and add floor area or demolish the existing structure and build a new ground-up development.

This property is being marketed exclusively by Massey Knakal’s Michael DeCheser.

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

07/21/2014 - 12:41

Source

Cushman & Wakefield Capital Markets Group New York

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