Massey Knakal Announces Exclusively to Sell Rare Development Site
(Long Island, NY) Today, Massey Knakal Realty Services has announced it has been retained on an exclusive basis to sell one of the few remaining prime development sites on the Upper West Side of Manhattan located at 206-210 West 77th Street, between Amsterdam Avenue and Broadway.
The site is 75 feet wide and contains up to approximately 92,000 square feet of development rights, including allowable bonuses. The property is currently improved with a six-story, 250 space parking garage. Allowable uses for the property include mixed-use, residential and retail, or community facility.
“As we had anticipated, the land market is white hot right now as fundamentals are improving and construction financing is plentiful,” stated Massey Knakal Chairman Bob Knakal, who is exclusively representing the seller along with Senior Vice President of Sales Paul Smadbeck. “It is a perfect time to be bringing development sites to the market,” he added. Mr. Knakal and Mr. Smadbeck can be reached at 212.696.2500.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, Massey Knakal Realty Services agents have closed over 4,500 transactions having a market value in excess of $17 billion.
For more information please contact:
Shannon Krause, PR Manager
skrause@masseyknakal.com
275 Madison Avenue, Third Floor
New York, NY 10016
www.masseyknakal.com
