Building Sales Journal - July 2010
Massey Knakal's Building Sales Journal, produced for 20 years, is now in electronic format and provides details about some of our notable transactions, general industry trends and other company related news.
Massey Knakal Realty Services
Featured Sales By Massey KnakalMassey Knakal Realty Services
283 West 11th Street, New York, NY
236 East 60th Street, New York, NY
1128 Third Avenue, New York, NY
333 West 18th Street, New York, NY
236 East 30th Street, New York, NY
415 East 78th Street, New York, NY
10 Jefferson Place, Mount Vernon, NY
417 3rd Street, Brooklyn, NY
248-250 Prospect Park West, Brooklyn, NY
195 Bay 19th Street, Brooklyn, NY
2765-2773 West 16th Street, Brooklyn, NY
278 Albany Avenue, Brooklyn, NY
5 Broadway, Freeport, NY
71-01 - 71-15 51st Avenue, Woodside, NY
154-01/05 Barclay Avenue, Flushing, NY
Massey Knakal Realty Services
Featured Case Study: 36-25 35th Street
Neighborhood: Long Island City, Queens

Type: Apartment Building

Sale Price: $3,300,000

Transfer Date: 6/7/2010

This 29 unit building, sold by Massey Knakal, was one of the largest apartment buildings in Long Island City to trade over the course of the past 18 months. We received over 20 offers during our aggressive, four month marketing campaign. The purchase price represents a Cap Rate of 6.00%, GRM of 9.20 and $113,793/Unit. The buyer received 53% financing.
A Message from the CEO: Dominant in Bank Foreclosure Work
The Massey Knakal team of 50 New York Metro Area agents utilizes our Territory System to make ours the company of choice for financial institutions looking to sell special assets. Read Article
A Message from the Chairman: The Investment Sales Mini-Bubble
When it comes to today's investment sales market, the biggest question on everyone's mind is the sustainability of the market's present momentum. Can the currently elevated price levels continue on their current trajectory, or are we in a mini-bubble at a low point in this cycle? In order to answer this question, we shall look at present conditions and what they might say about where the market is headed. Read Article
Northern Manhattan - Leading The Way Towards Recovery
A sense of optimism has begun to return to the New York City real estate investment property market as transactional activity has been steadily rising quarter by quarter. Although this overall trend is being felt in neighborhoods all over the city, nowhere is this more prevalent than in Northern Manhattan (East & West Harlem, Washington Heights and Inwood). With over $116,000,000 in sales consisting of 35 transactions in the first quarter of 2010, it is clear that Northern Manhattan is experiencing one of the sharpest rebounds in activity. Read Article
Massey Knakal Realty Services
NOW AVAILABLE 1st Half 2010 Property Sales Reports
Press Releases
Massey Knakal Ranked NYC's #1 Building Sales Firm for the 8th Consecutive Year
Massey Knakal Ranked #1 by RCA
Massey Knakal and GreenPearl Events Announce Multifamily Summit
Massey Knakal's John F. Ciraulo Honored As Salesperson Of The Year
Massey Knakal Completes 100th Transaction Of 2010
Massey Knakal Charitable Foundation Update
Massey Knakal Realty Services
© 2010 Massey Knakal Realty Services
This information has been compiled for informational purposes only and Massey Knakal Realty Services shall not be liable for any reliance thereon.
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