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

MASSEY KNAKAL RETAINED EXCLUSIVELY TO SELL UNION SQUARE COMMERCIAL CONDO

05/01/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell an entire second floor commercial condominium unit at 5 East 17th Street (aka 6 East 18th Street). The property is located between Fifth Avenue and Union Square West. The asking price is $2,950,000.

The second floor space consists of approximately 5,628 gross square feet with approximately 12’ ceiling heights, excellent light and two passenger elevators that access the unit.

The eight-story block-through mixed-use building was recently converted to residential condominiums above the second floor. The building has undergone a complete transformation with a restored façade and newly renovated lobby. The nearly 40-foot-wide, window-lined entryway just off the elevators upon entering the unit has good sunlight.

The property is located steps from the highly desirable Union Square Neighborhood in a beautiful, ornate, turn of the century building.

The unit will be delivered vacant and would be ideal for most commercial uses and especially beneficial to any 501(c)(3) non-profit organizations that would be exempt from paying real estate taxes.

Massey Knakal Partner and Vice Chairman John F. Ciraulo and Director of Sales Craig M. Waggner are exclusively marketing this property. John Ciraulo and Craig Waggner can be reached 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

05/01/2012 - 14:13

Source

Cushman & Wakefield Capital Markets Group New York

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