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Successful Sale of 431-435 West 33rd Street in Hudson Yards, Manhattan
Bob Knakal successfully arranged the sale of 431-435 West 33rd Street, a prime development site in Hudson Yards, for $24,000,000. The site presented a significant opportunity in one of Manhattan’s fastest-growing neighborhoods. Bob’s extensive market knowledge and strategic outreach ensured a strong result for the seller.
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Sale Details
Positioned in a rapidly transforming district, the property at 431-435 West 33rd Street attracted interest from multiple developers. Bob’s deep market relationships and ability to highlight the site’s potential led to a successful deal with optimal terms.
- Sale Price: $24,000,000
- Property Type: Development Site, Vacant Land
- Sale Date: February 27, 2008
- Total Buildable SF: 96,281
- Price Per Buildable SF: $249.27
Property Details
Located in the heart of Hudson Yards, 431-435 West 33rd Street offered a rare opportunity for large-scale development. The site’s proximity to major infrastructure projects and the area's ongoing transformation made it a highly sought-after asset.
- Full Address: 431-435 West 33rd Street, New York, NY 10001
- Neighborhood: Hudson Yards, Midtown West
- Borough: Manhattan
- Lot Size: Substantial footprint for future development
- Stories: Potential for high-density development
Maximizing Value Through Market Expertise
With increasing demand for development sites in Hudson Yards, Bob’s strategy focused on creating competition among interested buyers. His team leveraged existing relationships with developers and investors, ensuring a seamless process and the best possible outcome for the seller.
Neighborhood Overview
- Proximity to Major Landmarks: Near Hudson Yards, Penn Station, and the Javits Center.
- Ongoing Development Boom: One of New York City's most dynamic areas, with significant investment in commercial and residential projects.
- Strong Market Demand: High interest from developers seeking large-scale opportunities in a rapidly expanding district.
Conclusion
The sale of 431-435 West 33rd Street highlights Bob Knakal’s ability to navigate complex transactions and secure strong results for property owners. His expertise in development sites and strategic market positioning ensured the seller achieved the best possible price for this prime Hudson Yards asset.
Testimonial
"We are from Arizona and needed to sell our development site. Everyone told us to call Bob Knakal. They said he was the best land broker in New York City. They were right! Bob did a great job for us."
— Jim Riggs, The Saxa Group
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