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

Massey Knakal Sells Retail Condo In Chelsea

09/19/2012

A ground floor retail condominium at 217 West 14th Street,located between Seventh and Eighth Avenues in Chelsea was sold in an all-cash transaction valued at $915,000.

The space, located in a five-story retail condominium building, consists of approximately 800 square feet with access to 200 square feet of basement space. The unit was delivered vacant and the sale price equates to approximately $1,143 per square foot.

“We’re seeing retail pricing pushing upward on West 14th Street from Fifth Avenue to Eighth Avenue. At some point, this stretch of the street will create a bridge between Union Square and the Meatpacking District, becoming one continuous, thriving retail corridor.,” said Massey Knakal Director of Sales Brock Emmetsberger who exclusively represented the seller with Massey Knakal Partner James Nelson and Associate Matt Nickerson.

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

09/19/2012 - 15:58

Source

Cushman & Wakefield Capital Markets Group New York

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