The Reel

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A blog for breaking sales and neighborhood real estate news.

Newly restored 566 East Boston Post Road in Mamaroneck is a visual landmark along Boston Post Road / U.S. Route 1 retail and business corridor.

In the 1920’s, when the famous New York City Fifth Avenue retailer Best and Company expanded this Westchester County location, this site was selected as ideal due to its high visibility and proximity to the affluence of Rye, Larchmont and Greenwich.

Massey Knakal broker John Barrett commented that “the property is designed in a classic manner and has a stunning edifice that will enhance the image of any user who acquires it.”

The property has 2 full floor plates of 9,000 +/- SF along with three penthouse office suites (3,500 +/- SF) offering views of the harbor. Past uses have included retail and office as well as the current tenant an antiques dealer showroom. The total building size is approximately 21,500 SF. The property has a new elevator along with upgraded and enhanced electric service and offers off street parking for 24 vehicles.

Neighborhoods: Westchester County

A three story, 75' wide building with garage space on the ground floor, unfinished space on the second floor and beautifully renovated office space on the third floor. The property has heavy floor-loads and a brand new passenger elevator. Views from the roof of Midtown and New Jersey are breathtaking. Air Rights of approximately 15,725 sq. ft. exist and allow for significant expansion possibilities.

The area is home to Kenneth Cole, Prada and Ogilvy & Mather. The property represents an interesting candidate for conversion to a similar such office, retail, showroom, and/or production facility.

Click here for listing details.

Neighborhoods: Midtown West

Suprisingly charming 4 family 25' wide building. Each apartment contains 3 bedrooms, brick fireplaces and updated mechanicals. Ground floor unit has access to landscaped backyard, and 2nd floor unit has a large deck. Proposed Gowanus rezoning to M1-4/R7A allowing a 3.45 F.A.R as of right, or 4.6 with inclusionary housing. This site is lcoated near the Gowanus Canal and walking distance from the Smith Street social life. Less than two blocks from the Union Street stop servicing the M and R lines. Can be sold as a package with 557 and 561 Union Street.

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Neighborhoods: Gowanus

This prime three story brick mixed-use building is located on Greenpoint’s main retail corridor, Manhattan Avenue. The building consists of two floor-through apartments and a commercial unit with an extension on the ground floor.

The property is located just steps from the Nassau Avenue G train station and one block away from McCarren Park.

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Neighborhoods: Greenpoint/ Agents: Mark Lively

This 17,500 SF Riverdale property is located on Broadway & Mosholu Avenue, fronting Van Cortlandt Park. The site features 175’ of frontage, R6 zoning, a commercial overlay and 52,500 BSF. Currently an operating gas station, monitoring wells are in place, Phase II environmental reports & remediation plans are available & approvals are in place for additional testing.

Well priced at $27 per buildable foot.

Click here for listing details.

Neighborhoods: Riverdale/ Agents: Karl Brumback

25' Wide, Five-Story Mixed-Use Building in the Manhattanville section of New York.

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Neighborhoods: Manhattanville

A corner retail strip at 2514-2520 Merrick Road in Bellmore, New York sold in an all-cash transaction valued at $1,250,000. Located on a prime retail corner, this property sits on a 175’ x 110’ lot which consists of approximately 5,524 sq. ft. A smoke shop, a Chinese restaurant and an Italian restaurant occupy the ground floors with 4% annual rent increases. There is one three bedroom apartment located above the Italian restaurant. The property also benefits from 175’ of prime retail frontage along with 22 parking spaces.

Neighborhoods: Nassau County

The property is currently occupied by two commercial spaces and a newly renovated residential unit.

The ground floor contains a high-end French restaurant, the second floor an office, and the third floor an apartment with a terrace and roof deck.

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Neighborhoods: Upper East Side

The property is a 4-story retail/commercial building in the heart of downtown Newark near the intersection of Broad Street and Market Street.

The property is has been meticulously maintained and is in excellent condition. The property will be delivered vacant making it an excellent opportunity to reposition a great asset in a rapidly gentrifying area. Allowed uses include restaurant, retail, office and residential.

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306 East 15th Street is a five story, 7,425 sq. ft., townhouse located on the south side of East 15th Street between First and Second Avenues. The townhouse benefited from its 25’ width and direct views of Stuyvesant Square Park. This property sold in less than one week’s time at an all cash transaction valued at $5,175,000.

Neighborhoods: East Village/ Agents: John Ciraulo

The subject property is a newly constructed retail and office building on Northern Boulevard and the corner of 208th Street just East of the Clearview Expressway in Bayside, Queens.

This rarely available retail & office property is a brand new construction from the ground up and has a desirable 100’ feet of frontage on Northern Boulevard surrounded by national tenancy with heavy traffic.

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Neighborhoods: Bayside/ Agents: Stephen Preuss


1/14/2009 10:17:53 AM/ Massey Knakal/ Closings

78 East 2nd Street is a five story townhouse, located on the north side of East Second Street between First and Second Avenues. The three family property, which was delivered vacant, has windows on all three sides providing tremendous light. The all cash transaction was valued at $3,300,000. 

Neighborhoods: East Village

Commercial development site with 20,000 buildable square feet. Ideal retail location located on prime corner vacant lot on Fourth Avenue. The property is adjacent to Staples, Pep Boys and one block from the proposed Whole Food Market.

The site has been partially environmentally remediated, but additional remidiation is required. Details available upon request.

Neighborhoods: Park Slope

A development site located at 644 East 14th Street on the southwest corner of East 14th Street and Avenue C in Manhattan’s East Village sold in an all cash transaction valued at $12,300,000. The lot measures 114’9” x 88’and has a total buildable square footage of approximately 36,125 sq. ft. for residential use or 68,262 sq. ft. for a community facility, which will likely be the ultimate use of the property. 

Neighborhoods: East Village

Between Franklin and Bedford Avenues in Brooklyn, this 2,700 SF four family building is being used as a legal SRO. The property is well maintained and generates about $6,000 per month revenue. All the required documentation will be provided by the owner.

Can be delivered vacant upon request.

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Neighborhoods: Prospect Heights

The subject property is approximately 3,500 square feet (land area is 5,000 SF), leased by 196 Pennsylvania Avenue Laundromat LLC.

The property is located on a highly visible corner at Pennsylvania Avenue and Glenmore Avenue in central Brooklyn. The building is in excellent condition with recent renovations. The Laundromat is equipped with about 100 machines, on site parking for approximately 5 cars and plenty of curb side parking.

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Neighborhoods: East New York

A two story proffesional office building with 40+ feet of frontage, 9,000+ sf of usable space plus approx. 3,000 sf of air rights in TriBeCa.
Close to eight subway lines (A, C, E, N, R, 4, 5 and 6). A small plaza open to the public at the back of the building. Great for owner/ user or investor.

Click here for listing details.

Neighborhoods: TriBeCa

Massey Knakal Realty Services has been retained on an exclusive basis by the ownership to arrange for the sale of 304 Fifth Avenue, New York, NY. The subject property is a 19.92' wide by 99.95' deep parcel of land with approved plans to build an approximately 19,878 sq. ft. (above grade), 14-story, mixed-use condominium building.

The subject site is located on the west side of Fifth Avenue between West 31st and 32nd Street.

Click here for listing details.

Neighborhoods: Penn Station, Flatiron, Murray Hill/ Agents: John Ciraulo

A retail property located at 2201 86th Street in Brooklyn’s Bensonhurst neighborhood was sold in an all cash transaction valued at $5,000,000.

Neighborhoods: Bensonhurst/ Agents: Jeffrey Shalom

A 20' wide, four-story plus basement, approximately 5,200 square foot, 4-unit, apartment building. The property is comprised of four renovated, floor-though, apartments.

All of the units are free market and are currently renting at below market rents. The property is located on the north side of East 29th Street between Lexington and Third Avenues. The building could be vacated, making it ideal for a single family conversion or a live plus investment opportunity.

Neighborhoods: Gramercy Park, Murray Hill/ Agents: John Ciraulo

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