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Tuesday, March 09, 2010 Multi-Family
Massey Knakal partner and managing director Marco Lala, along with partner and managing director Shimon Shkury, represented the seller, Centerline, on the deal. The buyer was a Queens investor. The four building portfolio, known as the 111th Park North Portfolio, is comprised of a corner walk-up apartment building as well as three elevatored buildings a block north of Central Park at 201, 203-205, 217, and 233 W. 111th St. The four properties, which have a total of 87 units and just over 78,000 square feet, all underwent gut renovations in the early 1990s. In all there are eight studios, 29 one-bedrooms, 24 two-bedrooms, 26 three-bedrooms and two superintendent's units. Mr. Lala specializes in the Bronx and Northern Manhattan areas. He has recently written a booklet on maximizing value for properties on the market. Mr. Shkury joined Massey Knakal in 2002 and was named partner in 2004. Address: 201,203-205,217, 233 W. 111th St., New York City, N.Y. Size: 87 units/78,300 square feet Filed Under: Multi-Family E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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