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

Massey Knakal Sells Walk-Up Building Steps From Strauss Square on Lower East Side

07/30/2012

A walk-up building at 150 Henry Street, located between Jefferson and Rutgers Streets on Manhattan’s Lower East Side, was sold in an all-cash transaction.

The five-story building is approximately 5,400 square feet and sits on a 20’ x 78’ lot.  The building is opposite Strauss Square, providing the front apartments with great light and air. There are nine units; seven one-bedroom units, one studio, and one two-bedroom apartment. Additionally, the Certificate of Occupancy allows for one retail unit and one apartment on the lower level. Two of the units are rent stabilized while the remaining units are vacant.

“We were thrilled to represent this estate to maximize the proceeds for the not-for-profit recipients,” said Massey Knakal Partner James P. Nelson who exclusively handled this transaction with Massey Knakal Director of Sales Michael DeCheser. “What was once a rather quiet location now seems to be on everyone’s radar,” added DeCheser.

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

07/30/2012 - 10:23

Source

Cushman & Wakefield Capital Markets Group New York

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