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

Massey Knakal Sells Two Contiguous Mixed-Use Buildings In West Village

09/19/2012

A pair of mixed-use buildings at 143-145 West 4th Street, located between Sixth Avenue and MacDougal Street in the Greenwich Village Historic District, was sold in an all-cash transaction valued at $11,325,000.

The two Traditional style buildings are part of a four property portfolio currently represented by Massey Knakal Realty Services.  Each building is five stories and together total approximately 21,364 square feet and boasts 46 feet of frontage on West 4th Street. The buildings consist of 26 units with 15 one-bedroom units, nine two-bedroom units, one three-bedroom unit and one four-bedroom unit. Of the 26 units, there are six rent stabilized apartments.  

“Multifamily offerings in Greenwich Village are exceptionally rare. We were pleased to identify a buyer who recognized the potential for this great asset off Washington Square Park,” said Massey Knakal Partner James P. Nelson, who represented the seller with his team which includes Director of Sales Mitch Levine, Senior Associate Caroline Hannigan, and Associate Matt Nickerson.

Silverstone Property Group, a very active buyer in NYC for value-added repositioning opportunities, purchased the property.

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.

09/19/2012 - 15:38

Source

Cushman & Wakefield Capital Markets Group New York

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