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

West Village Townhouse Sold By Massey Knakal

05/17/2012

A townhouse at 14 East 11th Street, located between Fifth Avenue and University Place on one of the most desirable townhouse blocks in the West Village, was sold in an all cash transaction valued at $8,950,000.

Built in 1852, this 20.83’ wide townhouse is approximately 5,436 square feet and sits on a 21’ x 94.83’ lot.  The house is currently vacant as the previous owner started the demolition process. The property benefits from ceiling heights reaching over 12' on the parlor floor and ample natural light. The sale price equates to approximately $1,646 per square foot.

“Although the average Village townhouse stays on the market for over 200 days according to StreetEasy, we were able to contract on this townhouse within 22 days based upon our direct marketing capabilities and immediate outreach to the brokerage community. We found being proactive in selling townhouses is essential,” said Massey Knakal Partner James P. Nelson who exclusively represented the seller in this transaction.  John Gomes and Fredrick Eklund represented the buyer.

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

05/17/2012 - 09:10

Source

Cushman & Wakefield Capital Markets Group New York

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