Building Sales Journal - July 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
1032-1034 Lexington Ave, New York, NY
11 Saint Luke's Place, New York, NY
207 West 75th Street, New York, NY
245 Mulberry Street, New York, NY
107 East 37th Street, New York, NY
1247, 1249 Bradford Ave, The Bronx, NY
397 1st Street, Brooklyn, NY
405-407 Atlantic Avenue, Brooklyn, NY
531 Graham, 106 Engert Aves, Brooklyn, NY
112-20 14th Ave, College Point, NY
164-14 Cross Bay Blvd, Howard Beach, NY
37-49/51 75th Street, Jackson Heights, NY
3200 Long Beach Road, Oceanside, NY
Massey Knakal Realty Services
137-139 West 25th Street, New York, NY
Neighborhood: Chelsea

Type: Commercial Condos

Sale Price: $10,000,000

Transfer Date: 4/28/2011

Massey Knakal Realty Services has sold five vacant contiguous full-floor commercial condominiums at 137-139 West 25th Street in Manhattan's Chelsea neighborhood. Massey Knakal exclusively represented the seller, a publicly traded Fortune 500 company.

Each floor is approximately 5,900 square feet and features 11 foot ceilings. The five floor package, consisting of floors five through nine, sold for $10,000,000 or $337 per square foot. "We haven't seen vacant office spaces in Chelsea of this class and size sell for over $300/SF since 2008, so this is a very good sign for the market," said one of the Massey Knakal brokers handling the transaction.
Message from the CEO: New Focus
In our most recent issue of the Massey Knakal Building Sales Journal, we outlined the firm's expansion plans, especially into our new disciplines: financing and retail leasing. We're pleased to report that since the first of the year, we've added ten top performers to our roster. Read Article
Message from the Chairman: What's Driving Investment Sales - And Holding Them Up
Market for properties over $100 M. chugging along; under-$50 M. market anemic; pessimistically hopeful on interest rates, debt ceiling debate Read Article
Massey Knakal Realty Services
NOW AVAILABLE 1st Half 2011 Property Sales Reports
Press Releases
Massey Knakal's Top Agents Receive Costar Powerbroker Award
Brooklyn Leads NYC Investment Sales Activity
Michael Schneider Joins Massey Knakal's Staten Island Division
Scott Aiese Joins Massey Knakal Capital Services
Isaac Glasman Joins Massey Knakal Retail Leasing Services
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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