Hospital sales just the tonic.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 collaboration with the Long Island City office of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , announced the sale of the former Saint Mary's Hospital Saint Mary's Hospital may refer to: In Canada:
The 270,000 s/f, two-building complex is situated on a four-acre site--one entire city block in an R6 zone. It was acquired by Manhattan-based investment company, Mazel Precisions, which is currently evaluating several options including an educational facility, medical center or conversion to residential. "There was significant interest in this property given its size and scale," said Massey Knakal broker Chadwick Castle, who worked with Abe Gross of CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) in securing the buyer and negotiating the transaction. "By combining our efforts, Chadwick and I were able to facilitate a favorable deal for both the buyer and seller," Gross added. Consisting of a 220,000 s/f, seven-story main building and a 50,000-s/f five-story annex, the Saint Mary's Hospital Complex was previously owned by the Saint Vincent's Medical Center. The property consists of approximately 394,000 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. square feet of residential space. 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 10.44% and a gross rent multiple of 7.85. The property sold for $53.84 per buildable square foot. Masseky Knakal also announced the $10 million sale of an elevatored apartment building owned by Wyckoff Hospital at 88-25 153rd Street in the Jamaica section of Queens. Massey Knakal broker Brian Sarath, who exclusively represented the seller with partner Thomas Donovan and founding partner Paul Massey. The property was purchased by a Queens investor. |
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