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15-Story Condo Site Hits Market

NEW YORK CITY-The 20-foot wide parcel of land comes with plans for ground-floor retail, commercial space on three floors and residential units in the remainder of the building.

By Melissa Kress | Updated on March 09, 2007

(To read more on the multifamily market, click here.)

NEW YORK CITY-Carrying an $8.2-million price tag, a nearly 20-foot wide piece of land has hit the market. The space at 304 Fifth Ave. is 100 feet deep and comes with plans already in place for a 15-story mixed-use condominium building.

Massay Knakal Realty Services has been tapped to market the property, with director of sales Brock Emmetsberger and CEO John Ciraulo leading the sale. A Massey Knakal spokeswoman declined to identify the seller or the reasons for selling. She tells GlobeSt.com there is no set timeline for selling the property.

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