Massey
Knakal Realty Services has been retained on an exclusive basis to
arrange for the sale of a 102 unit, trophy multifamily asset located at
300 East 64th Street. The building, which stands at 27 stories at the
southeast corner of East 64th Street and Second Avenue, offers luxury
living in New York City’s most affluent neighborhood—a fact illustrated
in
the rental premium it consistently achieves over its Upper East Side
peers. The corner location, surrounded by mid-rise buildings, provides
large amounts of natural light to each apartment and offers many upper
floor units panoramic views of Midtown Manhattan and the East River.
Completely
renovated in 2008 to condominium standards, the building presents both
the opportunity to own a beautifully finished rental building and a
turnkey condominium conversion. Manhattan vacancy rates are lower today
than they were at the height of the real estate market in 2007, and with
almost no new construction in the area over the past several years,
there is little supply available to meet increasing demand in a
strengthening local economy.
The bid deadline is April 12th.
Click here for listing details.
Neighborhoods: Upper East Side