Midtown West Office Building at 10 West 56th Street Sold for $6,000,000

Successful Sale of 10 West 56th Street in Midtown West, Manhattan

Bob Knakal and his team successfully arranged the sale of 10 West 56th Street, a well-located office and user building in Midtown West. The property, featuring 12,336 square feet, was sold for $6,000,000 to Kazuhiko Yazaki, a retail buyer seeking a strategic location in Manhattan.

The seller, G H Brauser of 10 West 56th St Realty Corp., entrusted Bob Knakal to secure the best possible outcome. Through targeted outreach and market positioning, Bob facilitated a smooth transaction, achieving a competitive price per square foot of $486.38.

User Building Sales - For the complete list click here User Buildings

Sale Details

Positioned just off Fifth Avenue, 10 West 56th Street attracted strong interest due to its prime location and flexible office and user potential. Bob Knakal leveraged market insights and buyer relationships to ensure an efficient sale process, resulting in a successful closing.

Sale Price: $6,000,000
Asset Class: Office, User
Date Closed: September 10, 1990
Buyer: Kazuhiko Yazaki (Retailer)
Seller: G H Brauser, 10 West 56th St Realty Corp.
Neighborhood: Midtown West, Manhattan
Building Size: 12,336 SF
Price per SF: $486.38

Property Highlights

10 West 56th Street stands as a well-positioned office building with a prime location near major commercial corridors. The property's flexible layout made it an attractive option for a retail user, aligning with buyer demand in the area.

Lot: Block 1271, Lot 46
Building Type: Office, User-Occupied
Stories: Multi-Level
Key Feature: Close proximity to Fifth Avenue’s luxury retail corridor

Strategic Market Positioning

Bob Knakal’s approach involved direct outreach to retailers and office users looking for a strategic location in Midtown West. By presenting the property as a rare user opportunity, the sale gained traction among buyers seeking ownership in this sought-after corridor.

Bob’s negotiation strategy ensured a competitive closing price, leveraging interest from multiple parties to secure strong terms.

Neighborhood Overview

Prime Location: Steps from Fifth Avenue and surrounded by luxury retail and office spaces.
Retail Demand: High interest from user-buyers looking for Midtown Manhattan ownership opportunities.
Connectivity: Well-connected to public transit, offering convenience for employees and customers.
Development Potential: The area remains a hub for commercial investment and repositioning.

Conclusion

The sale of 10 West 56th Street highlights Bob Knakal’s expertise in securing value for property owners in competitive markets. His commitment to strategic marketing and negotiation resulted in an optimized outcome for the seller.

Testimonial

"Most brokers do the minimum in terms of effort and expect very high fees. On the sale of my property, I gave Bob Knakal a second chance to represent me after the tremendous job he did for me on the sale of 969 Madison Avenue. Here he did the same great job and helped us get a fantastic price. Bob went above and beyond for me time and time again, and I know he will be very successful in his career. All sellers should speak to Bob Knakal...he won’t let you down."
— Gerald Brauser, Term Industries