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Massey Knakal Realty Services.

In an all cash transaction valued at approximately $1.8 million, the property at 245 East 48th Street has been sold, according to a report from Paul J. Massey, president. Massey Knakal Realty Services.

The property is located on the north side of 48th Street between Second and Third Avenues and is on the Turtle Bay Gardens. This four-story, single-family, 20-foot wide building contains four bedrooms, four and a half baths, a spacious living room, dining room, kitchen with pantry, and two utility rooms. The townhouse was in excellent condition with original details such as: raised panel doors, crown moldings, fireplaces, and oak floors. A new HVAC system provides heat and air conditioning to all floors. The property is located in the exclusive Turtle Bay section of Manhattan's East Side, just blocks from the UN. The property has access to Turtle Bay Gardens, which is adjacent to the rear yard. There are approximately 3,500 square feet in the building. "Anytime a property on Turtle Bay Gardens becomes available, there is a feeding frenzy amongst buyers looking for townhouses in the neighborhood," said Robert A. Knakal, chairman of Massey Knakal, who was the exclusive agent for the seller. "We were pleased to achieve the price we did for our client in a very short period of time," Knakal added.

Massey Knakal Realty Services represented the seller in his transaction, while the purchaser was represented by The Corcoran Group.
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Title Annotation:handles sale of $1.8 million property in Manhattan
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 22, 2000
Previous Article:MANAGEMENT Who's News PERSONNEL.
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