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Successful Sale of 44-46 Trinity Place in FiDi
Bob Knakal and his team successfully facilitated the sale of 44-46 Trinity Place, a mixed-use building in the Financial District (FiDi), for $6,040,000. This eight-unit property, spanning 14,250 square feet, presented a valuable opportunity for the buyer, a general practice law firm seeking a strategically located asset.
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Sale Details
The transaction was finalized on December 28, 2006, with the final sale price reaching $6.04 million. The building’s positioning in one of Manhattan’s most sought-after commercial districts added to its appeal, making it an ideal acquisition for the buyer.
- Sale Price: $6,040,000
- Property Type: Mixed-Use, User
- Sale Date: December 28, 2006
- Square Footage: 14,250 SF
- Price Per SF: $423.86
- Units: 8
Property Details
44-46 Trinity Place stood as a well-located mixed-use building in FiDi, offering both commercial and residential potential. The property’s central position near major transportation hubs and financial institutions made it a prime asset in the market.
- Full Address: 44-46 Trinity Place, New York, NY
- Neighborhood: Financial District (FiDi)
- Building Type: Mixed-Use
- Stories: Multi-story structure
Market Strategy and Outcome
Bob Knakal and his team employed a strategic approach to maximize the property’s value. Understanding the demand for mixed-use assets in FiDi, they leveraged the property’s location and potential to secure an optimal deal. The buyer, a law firm, saw the value in the site’s flexibility and its proximity to key business areas.
Neighborhood Overview
- Prime Location: Close to Wall Street, Battery Park, and the World Trade Center.
- Growing Demand: FiDi has seen increasing interest from commercial and residential buyers due to its evolving landscape.
- Strong Connectivity: Easy access to multiple subway lines, ferries, and major roadways.
Conclusion
The successful sale of 44-46 Trinity Place highlights Bob Knakal’s ability to identify opportunities and secure strong outcomes for sellers. By leveraging market insights and positioning the property effectively, the team ensured a seamless transaction that met the seller’s goals.
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