Successful Sale of 144 East 39th Street in Murray Hill, Manhattan
Bob Knakal successfully arranged the sale of 144 East 39th Street, a 7,500 square foot office building in the Murray Hill neighborhood of Manhattan. The property was acquired by the English-Speaking Union of the United States, a nonprofit educational and cultural organization.
The building was sold for $3,103,000, reflecting a price per square foot of $413.73, and marked a successful outcome for both the sellers and the end-user buyer who intended to occupy the space.
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Sale Details
This transaction represented a unique opportunity for a nonprofit to secure a centrally located office building in a distinguished Midtown enclave. The location, scale, and layout of the building made it a perfect fit for an organization seeking ownership rather than leasing.
- Sale Price: $3,103,000
- Buyer: English-Speaking Union of the US
- Seller: Fred B. Tarter & Barbara B. Smith
- Property Type: Office, User
- Location: 144 East 39th Street, New York, NY
- Square Footage: 7,500
- Price per SF: $413.73
- Closing Date: August 8, 2001
Property Details
- Address: 144 East 39th Street
- Asset Class: Office (User)
- Square Footage: 7,500
- Building Count: 1
This standalone office building offered a rare ownership opportunity in Midtown South. With efficient floor plates and a layout ideal for institutional or educational use, it attracted mission-driven organizations looking for long-term real estate security.
Strategic Transaction Execution
Bob Knakal’s understanding of the user-buyer market was key to the success of this deal. By identifying mission-aligned organizations with the capacity to purchase and occupy a building in Midtown, Bob ensured a smooth negotiation and transaction process.
This user-driven sale required precision and alignment with the buyer’s objectives, and Bob delivered a timely and well-matched result for both parties.
Neighborhood Overview
Murray Hill offers a quiet yet centrally located alternative to more congested Midtown areas. Highlights include:
- Convenient access to Grand Central Terminal
- Close proximity to major Midtown office corridors
- A blend of residential charm and professional institutions
- Tree-lined blocks and landmarked architecture
Conclusion
The sale of 144 East 39th Street exemplifies Bob Knakal’s expertise in user-driven office sales in Manhattan. His strategic approach ensured a strong price and a seamless match between the property and the buyer’s mission-driven goals.
This successful outcome underscores Bob’s ability to serve both private sellers and institutional buyers with professionalism, insight, and precision.
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