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This property consists of two adjacent 20,750 SF brick four story walk up apartment buildings with a total of 54 units. Each property contains 27 units consisting of (1) jr.1-bedroom, (14) 1-bedroom and (12) two-bedrooms. All apartments are rent stabilized with none rent controlled.  This property is steps from Roosevelt Avenue and offers an investment opportunity that is never available. The owner is offering the stocks of this “S” corporation for sale.

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Neighborhoods: Jackson Heights

A mixed-use building at 100-08 Northern Boulevard, located between 100th and 101st Streets in Corona, Queens, was sold in an all cash transaction valued at $450,000.

The two-story brick property is approximately 2,124 square feet and sits on a 20’ x 115’ lot. The building consists of two two-bedroom apartments and one retail unit. The apartments are free market and are in fair condition. The sale price equates to $212 per square foot.

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Neighborhoods: Corona

A 19.83' wide, 4 story plus rooftop solarium and basement, approximately 2,765 sq. ft. townhouse located within the heart of the Murray Hill Historic District. Originally built in 1869, the façade maintains historic elegance with an interior ready for a personalized renovation. Current plans outfit the property with four functioning fireplaces, two floor-through bedrooms and a solarium leading up from the top floor.

Public transportation is easily accessible with Grand Central Terminal just blocks away. The building will be delivered vacant, offering an ideal opportunity for a single family, government consulate or any other community facility use.

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Neighborhoods: Murray Hill/ Agents: John Ciraulo

A prime SoHo development site for a commercial or live-work property. At Landmark's request, the five story facade, from the previous building, has been preserved for a future project. The sellers may request that the buyer purchase the entity which currently owns this property.

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Neighborhoods: SoHo/ Agents: James Nelson

A development site at 2854-2858 Stillwell Avenue, located between Mermaid and Neptune Avenues in Brooklyn’s Coney Island neighborhood, was sold in an all cash transaction valued at $1,375,000.

The two lots combined represent approximately 9,515 square feet, allowing for approximately 28,554 buildable square feet of residential use. The lots are currently improved by fully occupied four family building. There is significant development potential in the large parcel, especially considering the scarcity of new residential units in the vicinity. The Coney Island Rezoning Plan was approved in July 2009 and will usher in sweeping improvements to the area. The site benefits from its close proximity to major thoroughfares and public transportation.

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Neighborhoods: Coney Island/ Agents: Stephen Preuss

A five-story townhouse at 356 West 20th Street, located between Eighth and Ninth Avenues in the Chelsea Historic District, was sold in an all cash transaction valued at $ 2,100,000.

The townhouse, which was built around 1854 along with the neighboring townhouses, is approximately 5,000 square feet. The property has nine units which consist of one vacant owner’s duplex, four vacant apartments and four rent stabilized apartments. Most of the vacant units required a full gut renovation and could be combined in various configurations including a floor–through garden apartment and/or duplex. The sale price equates to $420 per square foot.

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Neighborhoods: Chelsea/ Agents: Brock Emmetsberger

An iconic 25' wide, 6-story plus basement landmark office building located at the southern most portion of the Madison Square Park Historic District. The property is approximately 11,094 sq. ft. above grade and consists of a retail store and five floor-through loft spaces with large windows allowing light throughout each floor. This extraordinary property is a must see and would be ideal for an owner/user who could occupy the vacant floors 3-6. Many distinct buildings on this short stretch of 26th Street have been grandfathered for residential use and there has been rumblings of a possible rezoning of this area which would benefit future residential conversions.

The property lies at the center of a district which is a key hub for major corporations, specialty industries, tourism, shopping, dining, and entertainment. There is immediate access to Herald Square, the Flatiron District, Chelsea, and Madison Square Park. The property is situated in a high-traffic location only steps away from most major transportation modes including the nearby subway lines F, M, R, N, 1 and 6.

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Neighborhoods: Flatiron/ Agents: John Ciraulo, Paul Smadbeck

The four buildings known as 331, 333, 335 & 339 East 82nd Street, located between First and Second Avenues on Manhattan’s Upper East Side, were sold in an all cash transaction valued at $6,450,000.

The four building package consists of 75 feet of frontage on East 82nd Street, 25 residential units (21 rent stabilized, two rent controlled, and two free market). The total square footage of the package is approximately 16,278 square feet with approximately 14,198 square feet of air rights. One of the four buildings was delivered vacant making it a prime candidate for conversion to a single-family townhouses. The sale price equates to $396.24 per square foot.

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Neighborhoods: Upper East Side/ Agents: John Ciraulo, Thomas Gammino Jr.

Two mixed-use properties at 237-239 East 53rd Street, located between Second and Third Avenues in Manhattan’s Midtown East neighborhood was sold in an all cash transaction valued at $12,700,000.

Each property is approximately 12,588 square feet and sits on a 27’ x 100’ lot. There are three retail units in each property while 237 East 53rd Street has eighteen residential units and 239 East 53rd Street has seventeen residential units. The property benefits from its close proximity to the 6 train at the 51st Street station, the midtown office market, and restaurants and bars on Second Avenue. The sale price equates to $504 a square foot.

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Neighborhoods: Midtown East/ Agents/Corporates: Clint Olsen, Paul Massey Jr.

The subject property is a 4-story walk-up commercial building located on the south side of West 29th Street between Sixth and Seventh Avenues. Centrally located just steps from the new Eventi Hotel and Food Court, the building consists of approximately 9,125 above grade square feet plus a full basement. The property benefits from 25' of frontage and each floor features 11' ceilings. The second and third floors can be delivered vacant, making this property ideal for both investors and end users alike.

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Neighborhoods: Midtown West/ Agents: Brock Emmetsberger, Robert Knakal

A corner retail co-op at 222 Park Avenue South, located on the northwest corner of Park Avenue South and East 18th Street in Manhattan’s Union Square neighborhood, was sold in an all cash transaction valued at $8,900,000.

The ground floor retail unit is located within a 12-story elevator co-op building. The space consists of approximately 6,314 square feet on the ground floor and includes approximately 4,600 square feet of sellable space on the lower level. The unit was delivered vacant and sold to an investor. There is incredible visibility with approximately 190’ of wrap-around, corner frontage. The ground floor and basement have ceilings heights of approximately 15’ and 11’ respectively. Given its Park Avenue South location one block off of Union Square, there is tremendous foot traffic seven days a week.

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Neighborhoods: Union Square/ Agents: John Ciraulo

This property is located on the strongest retail corridor in Greenpoint, Brooklyn. The mixed-use and higher density zoning allows for an interesting building to be constructed in a neighborhood that is expanding at a great pace, with several successful new condominium projects. 421a tax benefits for new construction are available in the area with an affordable housing component. Pre-rezoning plans are in place which need only a minor revision to increase the FAR. All zoning and buildable square footage should be independently verified.

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Neighborhoods: Greenpoint/ Agents: Mark Lively

Massey Knakal Multifamily Summit TOMORROW!

9/20/2010 9:23:37 AM/ Massey Knakal/ News

Massey Knakal Realty Services would like to cordially invite you to attend the upcoming Massey Knakal Multifamily Summit on September 21. The Summit is an exclusive gathering of active multifamily investors, building owners, developers and managers to network and exchange ideas on topics such as:

- State and near future of the New York Tri-State Multifamily Market
- Investing and Acquisitions
- Managing and Operating
- Development and Conversions
- Multifamily Financing
- Marketing and Leasing
- Rent Stabilization and Politics of Tenant-Backed Legislation
- Mixed Use and Retail units
- Affordable Housing

This is a high-quality event, including prominent multifamily developers and owners such as Gary Barnett, President of Extell Development, Richard Mack, CEO of Area Property Partners, Ofer Yardeni, Managing Principal of Stonehenge Partners and more. Over 40 speakers and a full day of information, networking, and deal making awaits you.

For more information on this event please visit http://greenpearlevents.com/mkms

Agents: Robert Knakal

The 382-384 Bleecker Street retail condominiums – which feature the prestigious Marc Jacobs with LVMH credit until at least 2017 – are now for sale. These two condominiums offer an investor an immediate and dominant position on Greenwich Village’s strongest retail corridor. This northern portion of Bleecker Street serves as the connection between the Meatpacking District and the heart of Greenwich Village, catering to thousands of retail customers on a daily basis. This offering provides an investor in-place income from an established credit tenant with a combined net operating income of $419,582. The offering consists of nearly 1,131 NSF of retail space, plus an additional 876 NSF of storage and outdoor space in an area where retail rents command north of $500 SF.

Located in the heart of the West Village, these two retail condominiums are nestled between other high end retailers such as Polo Ralph Lauren, Tommy Hilfiger, Michael Kors, Black Fleece by Brooks Brothers, Alexis Bittar, Cynthia Rowley, Brunello Cucinelli, Bonpoint, and Jack Spade, among many others.

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Massey Knakal Realty Services is being honored with the Bridge Builders Award by La Fuente, a Tri-State Worker and Community Fund. The event will take place on Monday September 20th at 6:00p.m. at 101 Avenue of the Americas. The reception will benefit the New York Civic Participation Project (NYCPP).

Massey Knakal will be honored for their industry leadership and for their many contributions to New York City and the Real Estate Board of New York’s efforts to deepen their bonds within the real estate community, including the membership of SEIU Local 32BJ.

Massey Knakal has a rich history of serving the New York City community through charitable giving and volunteerism. In 2002, Founding Partners Paul Massey and Robert Knakal were named Real Estate Men of the Year for their charitable work by the Rambam Hospital in Israel.
Both Paul and Bob were honored with the Real Estate Board of New York’s prestigious Louis Smadbeck Memorial Broker Recognition Award which honors a broker whose career distinctions include personal and professional integrity, long term leadership and prominence in the brokerage community, and participation on Real Estate Board committees. 

Massey Knakal partners Shimon Shkury, James Nelson, John Ciraulo, Christy Moyle and Thomas Donovan all contribute to the company's philanthropic mission by volunteering and providing leadership at various non-profit agencies for which they have received honorariums including Legal Outreach, The Catalog for Giving, The William H. Casey Foundation and The Brain Tumor Foundation.

“We are extremely honored to accept this award on behalf of the entire Massey Knakal family” said Paul Massey, CEO, “We are deeply embedded in all neighborhoods throughout New York City’s 5 boroughs and believe that LaFuente plays an important role in strengthening the communities in which they serve.

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Agents/Corporates: James Nelson, John Ciraulo, Paul Massey Jr., Robert Knakal

The 367-369 Bleecker Street retail condominium – which features the prestigious Burberry credit until at least 2020 – is now for sale. This condominium offers an investor an immediate and dominant position on Greenwich Village’s strongest retail corridor. This northern portion of Bleecker Street serves as the connection between the Meatpacking District and the heart of Greenwich Village, catering to thousands of retail customers on a daily basis. This offering provides an investor in-place income from an established credit tenant with a combined net operating income of $860,679. The offering consists of nearly 2,753 NSF of retail space, plus 1,973 NSF of storage space in an area where retail rents command north of $500/SF.

Located in the heart of the West Village, this retail condominium is nestled between other high end retailers such as Polo Ralph Lauren, Tommy Hilfiger, Michael Kors, Black Fleece by Brooks Brothers, Alexis Bittar, Cynthia Rowley, Brunello Cucinelli, Bonpoint, and Jack Spade, among many others.

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Neighborhoods: Greenwich Village/ Agents: James Nelson, Robert Knakal

A retail building at 90-28/32 161st Street, located between Jamaica and 60th Avenues in Jamaica, Queens, was sold in an all cash transaction valued at $745,000.

This single story building is approximately 3,575 square feet and sits on a 55’ x 69’ lot. There are three commercial spaces and a full basement that is divided three ways. The property lies in the recently rezoned Downtown Jamaica district. Located close to the LIRR Jamaica station, AirTrain station, and the E, J, Z subway stop, the property has incredible pedestrian and vehicular traffic. The sale price represented $209 per square foot.

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Neighborhoods: Jamaica

A development site at 559 West 23rd Street, located between Tenth and Eleventh Avenues in Manhattan’s Chelsea neighborhood, was sold in an all cash transaction valued at $4,240,000.

The site is 25’ x 99’ and approximately 18,515 buildable square feet. The property is conveniently located just steps from the High Line and is amongst 200 galleries in a ten-block radius. The site would be suitable for a mixed-use development with residential and retail. The sale price equates to $229 per buildable square foot.

“The site, which benefits from water views, would work well for condominium or rental development,” said Massey Knakal Partner James P. Nelson who exclusively represented the seller with First Vice President of Sales Brock Emmetsberger. “West Chelsea rental and condo values have continued to differentiate themselves as some projects have continued to achieve sellouts approaching $2,000 per foot,” added Emmetsberger.

Scott Mollen of Herrick, Feinstein LLP acted as the receiver for the property. Jack Sheridan of Herrick, Feinstein LLP and Richard Sussman of Rosenberg & Estis acted as the seller’s counsel.

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Neighborhoods: Chelsea/ Agents: Brock Emmetsberger, James Nelson

Massey Knakal Realty Services would like to cordially invite you to attend the upcoming Massey Knakal Multifamily Summit on September 21. The Summit is an exclusive gathering of active multifamily investors, building owners, developers and managers to network and exchange ideas on topics such as:

- State and near future of the New York Tri-State Multifamily Market
- Investing and Acquisitions
- Managing and Operating
- Development and Conversions
- Multifamily Financing
- Marketing and Leasing
- Rent Stabilization and Politics of Tenant-Backed Legislation
- Mixed Use and Retail units
- Affordable Housing

This is a high-quality event, including prominent multifamily developers and owners such as Gary Barnett, President of Extell Development, Richard Mack, CEO of Area Property Partners, Ofer Yardeni, Managing Principal of Stonehenge Partners and more. Over 40 speakers and a full day of information, networking, and deal making awaits you.

For more information on this event please visit http://greenpearlevents.com/mkms

The subject property is a newly constructed, three story, brick, six family building located on South Conduit Avenue between 89th and 90th Streets in Lindenwood. The building consists of (6) two bedroom, one bathroom apartments. Each apartment has a balcony, and the property also includes a parking area. Each unit has its own boiler and utility meters. The building also has a 10 Year tax abatement. The building is conveniently located close to major transportation and many neighborhood amenities.

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Neighborhoods: Lindenwood/ Agents: Stephen Preuss

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