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Corner co-op snapped up.


A corner apartment building at 140 Wadsworth Wadsworth, city (1990 pop. 15,718), Medina co., NE Ohio, an industrial suburb of Akron; settled c.1816, inc. 1866. Matches, iron and steel valves, and rubber products are manufactured in the city.  Avenue and four co-op apartments at 110 West 94th Street in the Washington Heights section of Northern Manhattan were sold after just one week on the market by Massey Knakal Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Services in an all-cash transaction valued at $5,300,000.

The property is located one block off Broadway Off Broadway plays or musicals are performed in New York City in smaller theatres than Broadway, but larger than Off-Off-Broadway, productions.

Off Broadway theatres (venues) are those with 100 to 499 seats[1].
 in one of the hottest Northern Manhattan locations. It contains 36 residential units and approximately 46,578 s/f. The transaction occurred at a capitalization rate Capitalization Rate

According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate.
 of 3.74% and a gross rent multiple of 14.71. The property sold for $113.79 per square fool.

Massey Knakal partner, Marco Lala, exclusively represented the seller.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 28, 2005
Words:111
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