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Successful Sale of 36 Hudson Street in TriBeCa, Manhattan
Bob Knakal successfully closed the sale of 36 Hudson Street, an office building in the heart of TriBeCa. The 33,124-square-foot property was sold for $6,000,000, marking a key transaction in the neighborhood. The seller sought a buyer who could maximize the building’s potential, and Bob’s market expertise played a crucial role in securing the best deal.
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Sale Details
The sale of 36 Hudson Street represented a significant opportunity for the buyer, given the property’s prime location and development potential. Bob Knakal’s strategic guidance ensured a competitive process, leading to a final price of $6 million.
- Sale Price: $6,000,000
- Property Type: Office, Conversion
- Sale Date: May 2, 2003
- Square Footage: 33,124 SF
- Price per SF: $181.14
- Units: 8
Property Details
36 Hudson Street is a multi-story office building offering 33,124 square feet of space in one of Manhattan’s most sought-after neighborhoods. Its location in TriBeCa made it an attractive asset, appealing to buyers interested in office space conversions.
- Full Address: 36 Hudson Street, New York, NY 10013
- Neighborhood: TriBeCa
- Asset Class: Office, Conversion
- Building Size: 33,124 SF
- Units: 8
Market Strategy and Leverage
Bob Knakal’s approach involved highlighting the property’s prime location and potential for redevelopment. By leveraging TriBeCa’s strong demand for office and mixed-use properties, Bob was able to secure a competitive sale price. The building’s size and conversion potential attracted interest from buyers seeking investment opportunities in Manhattan’s thriving commercial market.
Neighborhood Overview
TriBeCa remains one of Manhattan’s most desirable locations, known for:
- Strong Commercial Appeal: The neighborhood is home to a mix of high-end office spaces and luxury residential conversions.
- Prime Location: Proximity to key business districts and easy access to transportation hubs.
- Architectural Character: Historic buildings and modern developments contribute to the area’s appeal.
- Thriving Business Environment: A sought-after destination for creative firms, finance professionals, and real estate investors.
Conclusion
The sale of 36 Hudson Street is a testament to Bob Knakal’s expertise in navigating complex real estate transactions. His strategic approach ensured a seamless process, delivering a strong outcome for the seller. The property’s prime location, coupled with Bob’s market insights, secured a competitive price and a successful sale.
Testimonial
"Bob Knakal is my ‘go-to’ commercial real estate sales broker. I can always count on him to come through for me."
— David Bouley
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