Historic Amster Yard Property at 211-215 East 49th Street in Turtle Bay, Manhattan, Sold for $9,000,000

Successful Sale of 211-215 East 49th Street in Turtle Bay, Manhattan

Bob Knakal and his team successfully closed the sale of 211-215 East 49th Street, a historic office building known as Amster Yard, located in Manhattan's Turtle Bay neighborhood. The property was sold for $9,000,000 on April 9, 1999, marking a significant transaction in the Midtown East real estate market.

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Sale Details

The property at 211-215 East 49th Street, known as Amster Yard, was sold for $9 million. The seller, Praedium II, benefited from Bob Knakal's strategic negotiation, which secured favorable terms and a successful outcome.

Property Details

Amster Yard, located at 211-215 East 49th Street, is a four-story office building with approximately 16,580 square feet of space. Originally constructed in 1870, the building is renowned for its picturesque L-shaped courtyard, which has been described as one of the most charming enclosures in the city. s-media.nyc.gov

The Client: Praedium II

Praedium II, the seller, had a longstanding relationship with Bob Knakal and his team, having collaborated on numerous transactions over the years. Their trust in Bob's integrity and market expertise led them to engage his services for this unique property sale.

Market Strategy and Leverage

Bob Knakal's deep understanding of the user-buyer market in New York City was instrumental in this transaction. His strategic approach and negotiation skills ensured that Praedium II achieved the best possible terms for the sale of this distinctive property.

Neighborhood Overview

Turtle Bay, located in Midtown East, is known for its:

Historic architecture and charming courtyards.
Proximity to major commercial hubs and cultural institutions.
Appeal to both residential and commercial real estate investors.

Conclusion

The sale of 211-215 East 49th Street underscores Bob Knakal's commitment to achieving optimal outcomes for his clients. Through strategic negotiation and a deep understanding of the market, Bob secured a successful sale for Praedium II, highlighting his expertise in handling unique and historic properties in New York City.

Testimonial

"We have worked with Bob Knakal and his team for years and have closed many deals together. Bob has always demonstrated integrity, hard work, and always fights for our best interests. This was an unusual transaction for us, but Bob was the perfect broker. No one in NYC understands the user-buyer market the way Bob does. He did his usual fantastic job for us. We highly recommend Bob and his team to any seller in New York City."