Massey Knakal Sells Mixed-Use Building In Tribeca
Massey Knakal has sold a mixed-use building located at 174 Duane Street. The building resides on the south side of Duane Street, between Hudson and Greenwich Streets across from Duane Park in the heart of TriBeCa. The building was sold in a transaction valued at $11,500,000.
The property is a four-story mixed-use building and consists of three residential units and one retail store. The building is 25 feet wide and contains approximately 9,000 gross square feet. All three residential units are fair market and receive a generous amount of light and air, a rarity due to the area’s typically narrow streets. The three lofts sit above a 2,250 square foot retail space that is currently leased until 2014.
This property was part of the 28 building, $250 million, Century Portfolio which Mr. Knakal has been marketing over the past several months.
“The location of this property is fantastic being directly across from the park. It will make a great single family residence or multi-unit condo conversion,” said Massey Knakal Chairman Bob Knakal, who exclusively handled this transaction with Director of Sales Nick Petkoff.
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.