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

Massey Knakal Sells Mixed-Use Building In East Harlem

08/21/2013

A mixed-use building at 2236 Third Avenue, located between East 121st and East 122nd Streetsin Manhattan’s East Harlem neighborhood, was sold in an all-cash transaction valued at $1,495,000.

The three-story building contains approximately 4,716 square feet and sits on a 25’ x 100’ lot.  It was delivered vacant and has additional development potential.  The sale price equates to approximately $317 per square foot.

“Third Avenue is one the busiest retail corridors in East Harlem.  We had a lot of interest from both investors and end-users which translated into multiple offers and a selling price above the asking price,” said Massey Knakal Director of Sales Lev Kimyagarov, who exclusively handled this transaction.

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

08/21/2013 - 19:56

Source

Cushman & Wakefield Capital Markets Group New York

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