Massey Knakal Sales Add Up

NEW YORK CITY-It’s been a busy time for Massey Knakal Realty Services as the firm, based here, participates in a number of big-dollar transactions.

In a more unique transaction, Massey Knakal was the sole broker effectuating a 99-year, $23 million ground lease at 10-12 Bond St that will be developed into a boutique hotel. The site, with a buildable size of 19,150 sf, is located at the northwest corner of Bond and Lafayette Streets.

“Development opportunities in this neighborhood are few and far between,” explains James Nelson, managing director, who along with Michael Soleimani, exclusively represented the landlord in the transaction. “They are commanding significant dollars from the acquiring community.”