The Reel

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Massey Knakal Realty Services has been retained, on an exclusive basis, to sell a development site at 125 Perry Street. The building is located on the corner of Perry and Greenwich Streets in Manhattan’s West Village.

The four-story building is approximately 40,000 square feet and currently operates as a parking garage. The zoning of the property allows for conversion to residential use as-of-right and could easily be regarded as the best conversion opportunity in the U.S. The property features a tremendous amount of light and air from its corner location and oversized windows. The building also benefits substantially from its four curb cuts, allowing prospective developers, or users, to deliver on-site parking, a highly-prized and scarce commodity within the West Village.

This property offers an unusually large blank canvas for a developer, or user, to execute a wide variety of potential visions. The building can be delivered vacant, allowing the possibility to raze the existing building and develop an entirely new structure in what is arguably Manhattan’s most desirable enclave. The existing structure could also be redeveloped.

“We are very excited to be bringing an opportunity like this to the market. With the highest end condominiums selling for thousands of dollars per square foot, it would not be surprising to see this asset sell at an aggressive level,” stated Massey Knakal Chairman Bob Knakal.

For more information on this listing, contact Massey Knakal Chairman Bob Knakal, Partner James Nelson, or Senior Vice President of Sales Robert Burton at 212.696.2500.

Click here for listing details

Agents: Robert Burton