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

Massey Knakal Sells Development Steps From Hudson River Park

01/10/2013

A commercial development site at 152-154 Leroy Street located between West and Washington Streets in Manhattan’s West Village was sold in an all-cash transaction valued at $10,250,000.

The site, which is currently used as a parking lot, is approximately 55 feet wide and has about 27,980 gross buildable square feet. A development project could have potential water views and is only steps away from the Hudson River Park.  The sale price equates to approximately $366 per buildable square foot.

“This boutique site drew interest from a wide variety of buyers, including those looking to build a boutique hotel, a social club, or residences if a variance was received,” said Massey Knakal Partner James P. Nelson, who exclusively handled this transaction. 

The buyer was represented by Elaine Tross of Halstead Property LLC.

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

01/09/2013 - 18:48

Source

Cushman & Wakefield Capital Markets Group New York

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