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

Massey Knakal Sells Retail Condo Adjacent To Rockefeller Plaza

08/27/2012

Massey Knakal Realty Services has sold a retail condominium at 16 West 48th Street. The property is located at the base of The Centria, a luxury condominium building located immediately adjacent to the world-famous Rockefeller Center in Manhattan. The condominium was sold in an all-cash transaction valued at $5,500,000.

The 7,158 square foot white box retail condo offers a wide variety of retail tenants the flexibility to design their own space in one the most highly trafficked retail and tourist corridors in the United States. It is ideally suited for restaurant space, with a pre-installed kitchen flue and smog hog, a double-wide staircase to the cellar and private elevator.

"The proximity to Rock Center made this a highly attractive property as tremendous foot traffic enhances its appeal,” said Massey Knakal Chairman Bob Knakal who exclusively handled this transaction with Partner James Nelson.

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.

www.masseyknakal.com

08/27/2012 - 10:25

Source

Cushman & Wakefield Capital Markets Group New York

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