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Successful Sale of 44 West 55th Street in Midtown West, Manhattan
Bob Knakal and his team successfully facilitated the sale of 44 West 55th Street, an office property in Midtown West. The transaction, which closed on February 6, 2013, resulted in a $6,250,000 sale price. The property, spanning approximately 8,000 square feet, was a prime opportunity within Manhattan’s competitive office market.
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Sale Details
44 West 55th Street, a five-unit office property, attracted interest due to its central location and potential for long-term value appreciation. Bob Knakal’s market knowledge and strategic positioning ensured the seller secured the best possible terms in the transaction.
- Sale Price: $6,250,000
- Property Type: Commercial, Office
- Date Closed: February 6, 2013
- Building Size: 8,000 SF
- Price Per SF: $781.25
- Units: 5
Property Details
Positioned on a prime Midtown West block, 44 West 55th Street was a well-located office building offering proximity to key commercial corridors. The property’s efficient layout and strong leasing potential made it an attractive investment. Bob Knakal’s team leveraged market data and buyer interest to maximize the value of the sale.
- Full Address: 44 West 55th Street, New York, NY 10019
- Asset Class: Commercial, Office
- Building Type: Office Property
- Lot Size: Not Specified
- Stories: Not Specified
Strategic Market Approach
Bob Knakal’s approach involved identifying and engaging potential buyers who valued the property's location and long-term investment potential. By presenting detailed market data and leveraging industry connections, Bob and his team secured a favorable outcome for the seller.
Neighborhood Overview
Midtown West is one of Manhattan’s most active office districts, benefiting from:
- Proximity to major business hubs like Fifth Avenue and Rockefeller Center
- Strong demand for office space due to corporate and commercial activity
- Convenient access to transportation, including subway lines and transit hubs
Conclusion
The sale of 44 West 55th Street highlights Bob Knakal’s ability to navigate complex office transactions and secure strong outcomes for sellers. His market expertise and proactive approach ensured a smooth transaction and an optimal sale price for the Midtown West office property.
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