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

Three West Village Apartment Buildings Sold by Massey Knakal

12/22/2014

Three apartment buildings owned by The Brodsky Organization, located at 102 Greenwich Avenue and 224-226 West 13th Street in the Greenwich Village Historic District of Manhattan, were sold in an all-cash transaction valued at $12,126,000.

The buildings combine for approximately 11,843 square feet and consist of 36 apartments, of which 18 are rent stabilized, 15 are free market, and three are vacant. All three properties share a rear yard and 224 West 13th Street and 102 Greenwich Avenue share a boiler. The sale price equates to approximately $1,024 per square foot.

“The buildings presented a perfect opportunity for an investor to unlock significant value in one of Manhattan's hottest markets. Both seller and buyer were pleased with the outcome of the transaction,” said Massey Knakal CEO Paul J. Massey, Jr. who exclusively handled this transaction with James Nelson and David Shalom.

www.masseyknakal.com

12/22/2014 - 09:15

Source

Cushman & Wakefield Capital Markets Group New York

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