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

Massey Knakal Retained Exclusively to Sell Two Retail Co-Ops and Two Office Co-Ops in One Chelsea Building

06/19/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell two retail co-ops and two office co-ops at 148 West 24th Street. The retail co-ops are located on the ground floor and the commercial co-ops are located on the seventh and eighth floors. The property is located in the heart of Chelsea on the south side of West 24th Street between Sixth and Seventh Avenues.

The ground floor units total approximately 4,000 square feet of retail space with an additional 4,000 square feet of below grade space. The space benefits from 14.5' ceilings to the beam on the ground floor (currently built out with a dropped ceiling height of approximately 11.2 feet). With no use restrictions, the units can be occupied for a multitude of commercial uses including restaurant or event space (pending co-op board approval).  Both units have sprinklers and operate on separate centralized air conditioning systems. There are also separate electric meters and two restrooms on the ground floor. The freight elevator reaches the basement level, providing easy access for storage. With approximately 30 feet of frontage and strong ceiling heights, the unit is ideal for an owner / occupant or investor. The asking price for this package is $2,950,000.

The two office co-op loft units are also available on the seventh and eighth floors of this building. The properties feature two separate HVAC units, windows on all three sides and eleven foot ceilings. Currently connected through an internal staircase but with access to each independently from the passenger and freight elevators, the units are currently being offered individually for $2,695,000 each or as a package for $5,000,000.

For more information on these listings, contact Massey Knakal Director of Sales Brock Emmetsberger 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 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

06/19/2012 - 09:40

Source

Cushman & Wakefield Capital Markets Group New York

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