Special offer

Massey Knakal to handle East Village portfolio for over $100M

By
Real Estate Broker/Owner with JAD Realty Group, LLC.

Massey Knakal announced that it has been retained to handle the sale of an East Village portfolio, 17 walk-up apartment buildings throughout the East Village. Fifteen of the buildings are mixed-use and the remaining two are purely residential. These buildings were originally purchased by developer Extell in 2006 for $72 million and then sold to Westbrook Partners for $97.5 million in 2007. Many of the retail and commercial tenants have since left the properties. The buildings are listed individually -- and Massey Knakal said it hopes to sell them that way, to make financing easier and to get more for the buildings -- but are listed for a total of nearly $120 million.

Posted by

Jeffrey DitriĀ 

Broker/Owner

610.781.8417

NYC Residential Rentals & Sales

JAD Realty Group

jadrealtygroup.com

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