Newsletters

Massey Knakal Tapped to Market Development Site

WEST NEW YORK, NJ-Massey Knakal Realty Services has been tapped on an exclusive basis to sell a 35,000-square-foot site here that is zoned for residential development.

By Maria Wood | Updated on August 31, 2009

WEST NEW YORK, NJ-Massey Knakal Realty Services has been tapped on an exclusive basis to sell a 35,000-square-foot site here that is zoned for residential development. Now vacant, the parcel lies between 53rd and 54th streets and is bordered by Hudson and Palisades avenues.

Landon M. McGaw, managing director at Massey Knakal, tells GlobeSt.com that the firm is selling the property for a development group he declines to name. However, he says the seller was unable to get financing to develop the site, which has already been approved for 200 residential units in a 20-story tower along with 360 parking spaces. The parcel offers 199 feet of frontage along 54th Street and 150 feet of frontage along 53rd Street. No asking price has been established; instead, the parcel will be sold in an open auction, McGaw says.

Although the assignment was given only a week ago, McGaw reveals that a number of parties have expressed interest in bidding on the site. “It’s a strategic location, with phenomenal views,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.