The Reel

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A blog for breaking sales and neighborhood real estate news.

An office building at 155 West 46th Street, located between Sixth and Seventh Avenues near Manhattan’s Times Square, was sold in an all cash transaction valued at $8,380,000.

The seven-story property is approximately 12,860 square feet and sits on a 20’ x 100.42’ lot.  There are seven floors of offices and a restaurant on the ground floor which is favorable reviewed by Zagats. Each floor has been renovated with new oak flooring, sheetrock ceilings, track lighting, glass patricians, new bathrooms and pantries and a new air-condition system.  The property benefits from its close proximity to Times Square and public transportation.  The sale price equates to approximately $652 per square foot.

“Situated near Times Square, this property was extremely well received by the market with interest coming from many different types of users and developers,” said Massey Knakal Partner and Vice Chairman John Ciraulo who exclusively handled this transaction with Chairman Bob Knakal.

Click here for press release

Neighborhoods: Midtown West/ Agents: John Ciraulo