Massey Knakal Realty Services is pleased to announce that Partner James P. Nelson and his sales team have completed ten transactions with an aggregate sales value of close to $40,000,000 in the third quarter of 2011. These sales include three mixed-use buildings, three townhouses, three commercial condos, and one warehouse.
At Massey Knakal since 1998 and a partner since 2004, James has been involved in the sale of more than 200 properties and loans with an aggregate value of over $1.3 billion. James has been the firm’s top producer for four of the past five years, surpassed only by the founding partners. James works with a dedicated team of seven associates who help support his business. The most senior include David Fowler, Caroline Hannigan, Mitchell Levine and Matt Nickerson.
“At a time when volume is just returning to the market, James Nelson’s team is prolific. Most importantly, they serve as a role model for all of us by delivering high market pricing and excellence in client service,” said Massey Knakal CEO Paul J. Massey Jr.
Notable Manhattan transactions included:
· A five-story townhouse at 14 East 11th Street in the West Village sold for $7,650,000 or $1,407 per square foot.
· A five-story elevator loft building at 449 Washington Street in TriBeCa sold for $6,900,000 or $840 per foot.
· A five-story mixed-use building at 82 Christopher Street in Greenwich Village sold for $6,100,000 or $857 per foot.
· A completely renovated townhouse at 211 West 22nd Street in Chelsea sold for $3,850,000 or $1,132 per foot.
· A three-family townhouse at 117 Bedford Street (aka 128 Christopher Street) in Greenwich Village sold for $3,658,000 or $1,043 per foot and a 3.46% cap rate.
· A restaurant condominium leased to Mary Queen of Scots at 115 Allen Street on the Lower East Side sold for $2,325,000 or a 6.8% in-place return and about $800 per foot.
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Agents: Paul Massey Jr.