Massey Knakal Closes Dispositions Throughout NYC

NEW YORK—Massey Knakal has recently closed several property dispositions throughout New York.

These transactions include:

• The disposition of 1511 Third Ave., a four-story property, which sold for $60.0 million. The property totals approximately 60,000 sq. ft. of space and is situated in Manhattan’s Upper East Side. The building is currently fully leased to the Gap and Equinox. Bob Knakal, chairman, and Thomas Gammino, vice president, handled the transaction on an exclusive basis.

• The $21.5 million disposition of 300 West 145th Street in Harlem, a commercial condominium situated between West 144th Street and West 145th Street, to buyer Ben Ashkenazy. Total retail footage at the property is approximately 50,000 sq. ft. Pathmark supermarket, Carver Federal Savings Bank and a nursery school occupy space. Knakal and Jonathan Hageman, sales team manager, handled the transaction.

• The $21.2 million disposition of 220 West 71st Street, and apartment property located between Broadway and West End Avenue on Manhattan’s Upper West Side. The property contains nine stories plus a penthouse and contains approximately 38,463 sq. ft. of space. Paul B. Smadbeck, senior VP of sales, represented both the buyer and seller in the transaction.

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