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

Massey Knakal Sells Retail/Office Condominium On The Upper West Side

09/10/2012

A commercial condominium unit at 120 Riverside Boulevard, located between West 66th and West 64th Streets on Manhattan’s Upper West Side, was sold at the asking price in an all-cash transaction valued at $875,000.

This is the sixth unit to close out of a package of nine commercial condominium units that Massey Knakal is currently marketing along Riverside Boulevard. The package has received a flurry of interest from investors, professionals, and retail operators seeking an opportunity to service an area that will eventually possess 6,000 new residential units. Two commercial condominium units are still available for sale.

The ground floor condominium unit is located within Trump Place, a modern 18-story residential condominium constructed in 2004. The unit, which is approximately 1,968 square feet, benefits from bright light and 14 foot ceilings. The sale price equates to approximately $445 per square foot.

“This an exciting time for residents of the buildings along Riverside Boulevard. The sale of these units will continue to supply much needed retail and professional services to one of the city’s fastest growing neighborhoods,” said Massey Knakal Director of Sales Hall Oster who exclusively represented the seller in this transaction with Senior Vice President of Sales Paul Smadbeck and Associate Timothy Hay.

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

09/10/2012 - 09:59

Source

Cushman & Wakefield Capital Markets Group New York

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