The Reel

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A blog for breaking sales and neighborhood real estate news.

Massey Knakal has sold a mixed-use building located at 106 Greenwich Street. The building is situated on the west side of Greenwich Street, between Rector Street and Carlisle Street, in Manhattan’s Financial District. The building was sold in a transaction valued at $5,700.000.

The subject property is a beautiful five-story, 25 foot-wide building, located just a few blocks south of the new World Trade Center complex. The building consists of 16 residential units, with two retail stores on the ground floor. Each residential unit is approximately 425 square feet, while the two commercial units are split into approximately 1,100 square feet and 900 square feet respectively.

This property was part of the 28 building, $250 million, Century Portfolio which Mr. Knakal has been marketing over the past several months.

“We received dozens of offers for this asset which helped us to push up the prices of this wonderful asset,” said Massey Knakal Chairman Bob Knakal, who exclusively represented the seller along with Director of Sales Nick Petkoff. The buyer was represented by ­­­­­­­­Hakimian Properties.  

Click here for press release

Neighborhoods: Financial District