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Hudson Square site sold.


Massey Mas·sey   , (Charles) Vincent 1887-1967.

Canadian politician who served as high commissioner for Canada in Great Britain (1935-1946) and as governor-general (1952-1959).
 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 has sold a two-and-a-half-story garage building at 23-29 Renwick Ren·wick   , James 1818-1895.

American architect who designed the Smithsonian Institution in Washington, D.C. (1848), and Saint Patrick's Cathedral in New York City (1853).
 Street in Manhattan's Hudson Square in an all-cash transaction valued at $7,750,000.

The 75-foot-wide development site is located on the west side of Renwick between Canal and Spring Streets. It contains approximately 6,150 square feet (plus basement This article is about the section of a building. For the foundation, see Basement rock.

A basement is one or more floors of a building that are either completely or partially below the ground floor. Slab-on-grade buildings do not have basements.
), a parking garage on the ground floor and there are three commercial tenants in the building. The area was recently rezoned from M1-6 to C6-2A. The maximum 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 footage is 27,090 square feet. The property sold for $322.92 per square feet.

"We had three experienced developers at the same price range, and ultimately achieved $775,000 over the asking price," said Massey Knakal Broker Michael DeCheser, who exclusively represented the seller with his cousin, Broker Peter DeCheser.

The property was purchased by a Long Island developer. Massey Knakal Realty Services was the sole broker in this transaction.
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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 4, 2006
Words:153
Previous Article:Retail block set to tempt investors.(Brief Article)
Next Article:Complex fetches $17m.(Brief Article)
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