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

Massey Knakal Sells Large Retail Condo In Harlem

01/10/2013

Massey Knakal has sold a commercial condominium located at 300 West 145th Street in Harlem, NY. The retail condo was fully rented and sold in a transaction valued at $21,500,000.

The property occupies the entire block from West 144th Street to West 145th Street between Bradhurst Avenue and Frederick Douglass Boulevard in the heart of Harlem. The building rests on a lot area of approximately 50,000 square feet and consists of three retail units and one below grade parking garage. Total retail footage is approximately 50,000 square feet and is occupied primarily by a Pathmark supermarket. Other tenants include Carver Federal Savings Bank, and a local nursery school operator. The parking garage is an approximately 42,185 square foot, 220-space, below grade parking facility that is currently operated by Manhattan Parking Group.

The retail market in northern Manhattan has produced some stellar transactions recently, this one included,” said Massey Knakal Chairman Bob Knakal, who exclusively handled this transaction with Sales Team Manager Jonathan Hageman.

The buyer of this property was Ben Ashkenazy who has been actively buying retail properties all over New York City recently.

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 - 18:52

Source

Cushman & Wakefield Capital Markets Group New York

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