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Article: Massey Knakal Realty Services.(Sales)
- Article from:
- Real Estate Weekly
- Article date:
- May 21, 2008
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Massey Knakal Realty Services has announced the following sales transactions:
* Massey Knakal Realty Services has sold a four-story, mixed-use building at 232 East 50th Street in Midtown Manhattan in a transaction valued at $2,700,000. The 4,666 s/f property is located on the south side of East 50th Street. The transaction occurred at a cap rate of 5.37% and a gross rent multiple of 12.86. The property sold for $578.65 psf. Massey Knakal Realty Services was the sole broker in this transaction.
* Massey Knakal Realty Services has sold a 75' x 100' development site at 980 East 174th Street in the Bronx in an all-cash transaction valued at $1,167,000. The ...