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Successful Sale of 9 East 45th Street, Midtown East, Manhattan
Bob Knakal successfully facilitated the sale of 9 East 45th Street, a prime office building in Midtown East, Manhattan. The sale price of $3,850,000 reflects the value of the property’s 18,933 square feet of office space in one of Manhattan’s most dynamic business districts.
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Sale Details
Through his in-depth understanding of the Midtown East market, Bob identified the right buyer and secured a great deal for the seller. The strategic focus on finding a residential converter for the property proved to be highly successful, resulting in a significant sale.
- Sale Price: $3,850,000
- Property Type: Office
- Sale Date: July 15, 2003
- Building Size: 18,933 SF
- Price per SF: $203.35
Property Details
The property at 9 East 45th Street is a valuable office building located in the heart of Midtown East, one of Manhattan's key commercial hubs. With 18,933 square feet of office space, the building was an ideal candidate for potential residential conversion, a strategy that Bob Knakal recommended and successfully executed.
- Full Address: 9 East 45th Street, New York, NY 10017
- Property Type: Office
- Building Size: 18,933 SF
Market Strategy and Execution
Bob Knakal leveraged his extensive knowledge of the Midtown East neighborhood to determine the optimal approach for the sale of this office building. Recognizing the property’s potential for residential conversion, he targeted the right buyer who could capitalize on this opportunity, resulting in a highly successful sale.
Neighborhood Overview
Midtown East is known for:
- Strong commercial presence with major office buildings and corporate headquarters.
- Access to top transportation options, including Grand Central Terminal and subway lines.
- Proximity to luxury hotels, fine dining, and retail along Park Avenue.
- Continued demand for office-to-residential conversions, making it a prime area for redevelopment.
Conclusion
The sale of 9 East 45th Street is a clear example of Bob Knakal’s market expertise and ability to identify the right buyer for each property. By recognizing the potential for residential conversion, Bob was able to secure an optimal sale price for the seller.
Testimonial
“We loved working with Bob Knakal on the sale of our 45th Street property. He knows the neighborhood cold and convinced us that a residential converter was the right buyer for our property. He found that user buyer and got us a great price.”
– Fabushiki Daito
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