Building Sales Journal - April 2011
Massey Knakal's Building Sales Journal, produced for over 20 years, provides information about some of our notable transactions, company related news and industry trends.
Massey Knakal Realty Services
Massey Knakal Realty Services
Featured Sales By Massey KnakalMassey Knakal Realty Services
321-7 First Ave, 356-8 E 19th St, New York, NY
350 East 81st Street, New York, NY
915-919 Second Avenue, New York, NY
520 West 175th Street, New York, NY
221 First Avenue, New York, NY
3961 Carpenter Avenue, The Bronx, NY
33 Main Street, Tuckahoe, NY
Astoria Multifamily Portfolio, Astoria, NY
82-67 Austin Street, Kew Gardens, NY
Howard Beach Development Site, Howard Beach, NY
2307 Flatbush Avenue, Brooklyn, NY
1517-1523 Mermaind Avenue, Brooklyn, NY
360 6th Avenue, Brooklyn, NY
335-347 38th Street, Brooklyn, NY
242 Prospect Park West, Brooklyn, NY
21 West Main Street, Bergenfield, NJ
Massey Knakal Realty Services
607-9 Hudson St., New York, NY
Neighborhood: Greenwich Village

Type: Conversion Site

Sale Price: $33,369,362

Transfer Date: 1/11/2011

The property is an elevatored, seven-story, assisted living facility at 607-09 Hudson Street. Built in 1905 in the Neo-Federal style, the property is situated on Abingdon Square in a historic preservation district and has frontage on both Hudson and Greenwich Streets, as well as the entire block front on West 12th Street. Serving as a hotel earlier in its life, the property was converted to nursing home use in 1958, and was renovated in 1981 with the addition of a penthouse among other improvements. Massey Knakal maximized the exposure of this listing to our Investor List and outside brokers and then created a competitive bidding war to maximize the final sale price. FLAnk, an architecture, development, and brokerage firm, bought the property in an all cash transaction; their plans are for 10 condos ranging from 3,300 to 9,000 square feet.
Message from the CEO: Help Wanted!
Massey Knakal's vision for the next few years is to double the size of the firm not only by expanding our geographic Investment Sales territory footprint but also to staff our Massey Knakal Capital Services and Massey Knakal Retail Leasing Services divisions. Read Article
A Message from the Chairman: A Lesson on the Need for 421-a
It is imperative that our housing system include a 421-a type of incentive program. No one can argue that our market doesn't need new market-rate and affordable-housing units. They can be created utilizing a program that doesn't cost a dime (just like our no-cost widgets). Read Article
Northern Manhattan: Manhattan's Final Frontier
The robust year over year expansion in both dollar and transactional volume clearly signaled a recovery in Northern Manhattan. We believe this is only the beginning of a sustained upward trend as numerous factors will continue to stimulate and encourage growth. The tremendous deployment of capital into Harlem, Washington Heights and Inwood over the past real estate cycle has replenished the formally famished neighborhoods. Large scale institutional investments from hedge funds, international hotel chains, and Columbia University, have also played a significant role helping revitalizing the landscape uptown. Read Article
Massey Knakal Realty Services
NOW AVAILABLE 1st Quarter 2011 Property Sales Reports
Press Releases
Massey Knakal Honors The Firm's Top Producers
Massey Knakal Retail Leasing Services Continues Expansion
Preston Flammang Joins Massey Knakal Capital Services
Massey Knakal And Arbor Commercial Mortgage Host Panel On Commercial Real Estate Market
ACCEPTING APPLICATIONS The Massey Knakal Charitable Foundation
Massey Knakal Realty Services
© 2011 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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