Bob Knakal’s Fourth Sale of 66 Pearl Street in Manhattan’s Financial District
Bob Knakal and his team have once again demonstrated their unparalleled expertise in New York City real estate with the sale of 66 Pearl Street, a six-story multifamily elevator building in the heart of the Financial District (FiDi), Manhattan. This marks the fourth successful transaction of this property under Bob’s guidance, highlighting his ability to deliver exceptional results for different property owners over the years.
The sale closed on July 20, 2017, for an impressive $26,750,000, underscoring the enduring value and appeal of this prime asset.
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Sale Details
Bob Knakal’s strategic approach ensured a seamless transaction for this high-net-worth client. The six-story building comprises 42 units across 32,843 square feet and stands on a lot measuring 7,780 square feet. With its elevator accessibility and modern amenities, the property attracted significant interest from potential buyers.
- Sale Price: $26,750,000
- Asset Class: Multifamily – Elevator
- Building Details: Six stories, 42 units, elevator building
- Lot Size: 7,780 square feet
- Building SF: 32,843
- Price Per SF: $814.48
This sale not only achieved a competitive price but also reinforced Bob Knakal’s reputation for navigating the complexities of repeat transactions with precision.
Property and Market Insights
66 Pearl Street, located in the bustling FiDi neighborhood, stands out for its combination of classic architecture and modern features. The property’s proximity to iconic landmarks and its position within one of Manhattan’s most vibrant districts have made it a sought-after investment.
Neighborhood Overview
- Location Highlights:
- Steps from the New York Stock Exchange and Battery Park
- Close to major subway lines and transportation hubs
- Vibrant retail and dining scene
- Market Appeal:
- High demand for multifamily properties in FiDi
- Strong rental market driven by professionals and young families
A Legacy of Success
The sale of 66 Pearl Street for the fourth time under Bob Knakal’s leadership is a testament to his ability to build enduring relationships with property owners and deliver consistent results. Each transaction featured unique challenges and opportunities, but Bob’s tailored approach ensured optimal outcomes every time.
Bob’s history with 66 Pearl Street includes:
- Establishing market presence and securing competitive pricing in the initial sale.
- Navigating evolving market conditions to maximize value in subsequent transactions.
- Leveraging a deep understanding of FiDi’s unique dynamics to position the property favorably.
Conclusion
Bob Knakal’s latest achievement with 66 Pearl Street exemplifies his unmatched expertise and dedication to client success. By consistently delivering record-setting results and navigating complex transactions with ease, Bob has cemented his role as a trusted advisor in Manhattan’s competitive real estate market.
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