Historic Office Building at 84-88 William Street in FiDi Sells for $15,192,000

Successful Sale of 84-88 William Street in the Financial District

Bob Knakal and his team successfully closed the sale of 84-88 William Street, a historic office building located in the bustling Financial District (FiDi) of Manhattan. The transaction, which took place on July 20, 2000, achieved a sale price of $15,192,000.

The property’s unique characteristics and prime location attracted significant interest from buyers. Leveraging his deep market knowledge and strategic approach, Bob Knakal ensured an optimal outcome for the seller.

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Sale Details

This transaction marked a significant milestone, highlighting the continued demand for well-located office buildings in Manhattan. The property’s historic architecture and expansive floor area made it a highly desirable asset. The sale was finalized with a closing price of $15.19 million, equating to $141.33 per square foot.

Sale Price: $15,192,000
Asset Class: Office
Neighborhood: Financial District (FiDi)
Sale Date: July 20, 2000
Building Size: 107,490 SF
Price per SF: $141.33

Property Details

Located at 84-88 William Street, this historic office building stands in the heart of FiDi. Known for its distinctive architecture, the property offers a substantial 107,490 square feet of space, making it an attractive opportunity for investors and developers alike. Its central location, near iconic landmarks and major transportation hubs, further enhanced its appeal.

Full Address: 84-88 William Street, New York, NY 10038
Asset Class: Office
Zoning: Commercial
Building Size: 107,490 SF
Price per SF: $141.33

Market Strategy and Approach

Bob Knakal and his team executed a tailored market strategy to maximize the property’s value. By highlighting the building’s historic appeal and central location, they attracted a competitive pool of buyers. This approach created strong demand and positioned the seller to secure favorable terms.

Neighborhood Overview

FiDi is one of Manhattan’s most dynamic and sought-after neighborhoods, offering a blend of historic charm and modern conveniences:

Proximity to Major Landmarks: Close to the New York Stock Exchange, One World Trade Center, and Battery Park.
Transportation Access: Well-connected by subway lines, ferries, and buses, making it highly accessible.
Vibrant Commercial Hub: Renowned as a global financial center with a growing mix of residential and retail spaces.

Conclusion

The sale of 84-88 William Street underscores Bob Knakal’s expertise in navigating Manhattan’s competitive real estate market. By emphasizing the property’s unique features and leveraging market demand, Bob and his team achieved a remarkable outcome for the seller. This transaction is a testament to their ability to deliver value and exceed client expectations.