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Conversion plans for 82nd Street buildings.


Massey Knakal Realty Services has sold four contiguous walk-up apartment buildings at 176, 178, 180 and 182 West 82nd Street, Manhattan for $12,000,000.

"The end buyer intends to convert the properties into condominiums, given the prime location" said Massey Knakal broker Meyrick Ferguson, who exclusively represented the seller.

The property was purchased by a Manhattan investor. Massey Knakal Realty Services and Lily Yanhua Li of the Corcoran Group were the brokers in this transaction.

Massey Knakal has also sold a highly visible commercial building/development site at 141-145 Lawrence Street in the heart of Downtown Brooklyn Coordinates:

Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the
 in an all-cash transaction valued at $10,750,000.

"The 80,000 s/f of buildable build·a·ble  
adj.
Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. 
 space will be incorporated into a large mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. ," said Massey Knakal partner Brian Leary, who exclusively represented the seller with broker Robert Burton Robert Burton may refer to:
  • Robert Burton (scholar) (1577-1640), English scholar and cleric, author of The Anatomy of Melancholy
  • Robert Burton (statesman) (1747-1825), North Carolina delegate to Continental Congress
  • Robert T.
.
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Publication:Real Estate Weekly
Date:Dec 20, 2006
Words:138
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