Massey Knakal Leads Sales Deals Throughout NYC

NEW YORK—Massey Knakal has recently closed a series of property sales throughout New York City for a combined total of more than $29 million.

These sales include:

• The $11.3 million all-cash sale of The Mayflower, located at 221-223 East Broadway. Located on the southeast corner of East Broadway and Clinton Street in Manhattan’s Lower East Side, the property was sold to a Long Island investor by Red Brick Properties.

The property is a six-story walk-up building and contains approximately 21,309 sq. ft. of space. Built in 1907, the building consists of 26 residential units, six stores and two cellphone antennas. The building has recently undergone a lobby renovation, has upgraded its fire escape stair risers and had an intercom system and security cameras installed. Massey Knakal’s Michael F. DeCheser, director of sales, and Robert Burton, SVP, exclusively represented the seller in the deal.

• The $9.8 million sale of 19-25 West 20th Street, a development site situated between Fifth and Sixth avenues in the Flatiron District. The vacant, 25-ft. by 92-ft. lot features approved, shovel-ready plans, which call for a 15-story residential building and parking garage. The site was purchased by Gale International. Massey Knakal’s Bob Knakal, chairman, and John Ciraulo, vice chairman and partner, exclusively handled the deal.

• The $9.0 million sale of the Trylon Portfolio, a retail/office building at 98-69/83 Queens Boulevard. The building contains approximately 25,664 sq. ft. Massey Knakal’s Thomas Donovan, partner, and Paul J. Massey, Jr., CEO, exclusively handled the deal.

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