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

Massey Knakal Sells Office Building Steps From Times Square

06/12/2012

An office building at 155 West 46th Street, located between Sixth and Seventh Avenues near Manhattan’s Times Square, was sold in an all cash transaction valued at $8,380,000.

The seven-story property is approximately 12,860 square feet and sits on a 20’ x 100.42’ lot.  There are seven floors of offices and a restaurant on the ground floor which is favorable reviewed by Zagats. Each floor has been renovated with new oak flooring, sheetrock ceilings, track lighting, glass patricians, new bathrooms and pantries and a new air-condition system.  The property benefits from its close proximity to Times Square and public transportation.  The sale price equates to approximately $652 per square foot.

“Quote,” said Massey Knakal Partner and Vice Chairman John Ciraulo who exclusively handled this transaction with Chairman Bob Knakal.

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.

06/12/2012 - 09:28

Source

Cushman & Wakefield Capital Markets Group New York

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