8/15/2008

Massey Knakal sells Manhattan parking garage for $11.5 million

by Chad King
Robert Knakal of Massey Knakal Realty Services represented the seller in the sale of a 105-space parking garage in Midtown East Manhattan for $11.5 million, or $469.39 per square foot.

The buyer was a Long Island parking company.

The property, located at 212 E. 47th St., contains 105 legal parking spaces, but has potential for as many as 165 spaces. The lot spans roughly 24,500 square feet.

The garage is currently being leased by Central Parking System. Its lease expires March 31, 2009, and there is no renewal option.

Address: 212 E. 47th St., New York, N.Y.

Size: 105 spaces, 24,500 square feet

---

Filed Under: Mixed Use

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the text from image below to this textbox

crefeed.com -- Related Headlines

• NAI to market Los Angeles boys home with $1.75M price tag - 11/10/2008
• Investment partnership secures $75 million credit line - 11/6/2008
• HFF arranges $47M construction loan for Dallas MXD project - 10/22/2008
• Kislak finalizes $4.01 MXD sale in New Jersey - 10/15/2008
• First Industrial sells Phoenix Tech Center for $3.1M - 10/14/2008
• O'Connor Capital Partners sells condo/retail space within historic Manhattan House for $86M - 10/8/2008
• Alpine Regional Center on the market for $13M - 10/8/2008
• Norwalk, Conn., MXD property on the sales block - 9/10/2008
• Massey Knakal lists four N.J. properties for more than $16M - 9/9/2008
• Hanley completes four retail deals in So. California for $13.56M - 9/8/2008