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Yeshiva Sells A Trio of Buildings

The university has been shedding assets lately, and this deal's significance is underscored by who brokered the deal.

By Rayna Katz | Updated on March 01, 2013

New York City

Yeshiva University has sold a portfolio of three office buildings. Massey Knakal chairman Bob Knakal, along with vice chairman and partner John Ciraulo represented the landlord.  920 Broadway is a 16-story, pre-war office building with approximately 110,000 net rentable square feet with approximately 110,000 net rentable square feet, about 96 feet of footage on Broadway and 74 feet on East 21st St. The building sold for $58.5 million. The other structure, 9 E. 38th St. is a 12-story block-through office building. It features about 94,000 net rentable square feet with 47.5 feet of frontage on East 38th St. The property run through the block with 25 feet of frontage on East 38th St. Adjacent to the property is a three-story, 25-foot wide building that was part of the transaction. The buildings sold for $29 million.

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