Midtown East Office Building Sold for $8,546,698 at 141 East 44th Street

Successful Sale of 141 East 44th Street in Midtown East, Manhattan

Bob Knakal and his team successfully arranged the sale of 141 East 44th Street, a well-positioned office property in the heart of Midtown East. The building, located near Grand Central Terminal, was sold for $8,546,698, reflecting the strong demand for well-located office assets in Manhattan.

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Sale Details

Located on East 44th Street between Lexington and Third Avenue, the property offered a prime opportunity for an investor looking to secure an office asset in one of the most business-centric areas of New York City. Bob Knakal’s expertise in navigating the Midtown East market allowed him to deliver favorable terms for the seller, securing the best possible outcome.

Sale Price: $8,546,698
Asset Class: Office
Sale Date: April 10, 1997
Building Size: 62,022 SF
Price per SF: $137.80

Property Highlights

141 East 44th Street, a mid-rise office building, stands in a prime location with excellent access to public transportation, including Grand Central Terminal. The property’s proximity to major corporate headquarters, financial institutions, and retail destinations made it highly attractive to investors seeking stable, long-term assets.

Full Address: 141 East 44th Street, New York, NY 10017
Neighborhood: Midtown East
Zoning: Office Use

Strategic Approach and Market Positioning

Bob Knakal’s strategy focused on maximizing exposure to qualified buyers while leveraging the property’s location near Grand Central. The team’s approach included:

Targeting investors seeking well-located office properties in transit-accessible areas.
Highlighting the building’s strong rental potential and long-term investment value.
Structuring favorable terms to ensure a competitive closing.

Neighborhood Overview

Midtown East remains one of Manhattan’s most sought-after business districts due to:

Proximity to Grand Central Terminal – A major transportation hub.
Corporate and Financial Hub – Home to Fortune 500 companies and global banks.
Strong Office Demand – Consistently high demand for quality office space.

Conclusion

The sale of 141 East 44th Street highlights Bob Knakal’s expertise in Midtown East’s office market, securing optimal results for his client. His strategic market positioning and ability to negotiate the best possible terms ensured a successful transaction.

Testimonial

“Bob Knakal is a great broker, and selecting him to sell our 44th Street building was an easy decision. In fact, we didn't even speak to anyone else. Bob is smart, honest, has integrity, and works harder than anyone else I know. If you want a broker who will always leave everything on the field and get you the best price possible, you must speak to Bob and his team.”
— John Samuelson, Sierra Realty