News
SPONSOR SPOTLIGHT: Massey Knakal on Tenth
April 21, 2011
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| Newsflash: land is still available for sale in Manhattan (we were shocked, too); and 25,779 SF of it on Tenth Avenue is listed by Massey Knakal’s James Nelson (pictured) and Bob Knakal. The plot’s on the edge of the Hudson Yard Redevelopment Project, and will benefit from the multi-billion dollar, 26-acre mixed-use project. District improvement fund bonuses (DIBs) would allow over 550k SFof retail, office, hotel, and/or residential development. Massey Knakal specializes in repping owners in selling, leasing and financing properties throughout the NY metro. As for current inventory, James sees a surge in multifamily and retail sales and leases, accompanied by impressive price tags (but he’s just being modest; everyone knows he sold the Bleecker Street portfolio in Greenwich Village for $6,700/SF last year, the third-highest price per square foot in US history). Maybe historical lightning will strike twice. Find more on Massey Knakal here. |
