Vacant Office Building at 130 William Street in FiDi Manhattan Achieves $11,350,000 Sale Price

Successful Sale of 130 William Street in FiDi, Manhattan‍

Bob Knakal successfully closed the sale of 130 William Street, a 35,674-square-foot office building in the heart of FiDi, Manhattan. The property, owned by Kent Swig of Swig Equities, was sold for $11,350,000, marking a significant deal despite the difficult market conditions in 2010.

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Sale Details‍

The sale price of $11,350,000 reflected a price per square foot of $318.16, making it a competitive transaction in the Financial District. Bob’s strategy involved leveraging the building’s unique features to attract both investor and user interest, ultimately securing a successful sale in a tough market.
Sale Price: $11,350,000
Property Type: Office
Sale Date: July 29, 2010
Building Size: 35,674 SF
Price per SF: $318.16
Neighborhood: Financial District, Manhattan

Property Details

‍130 William Street, located in the dynamic Financial District, is a 7-story office building with a total of 35,674 square feet of space. The building has a mix of office spaces, making it an attractive option for both investors and users. The property was vacant at the time of the sale, which presented a unique challenge but also an opportunity for creative buyers.

Neighborhood Overview

‍FiDi, or the Financial District, is one of Manhattan’s most iconic neighborhoods. It is known for:

Proximity to Wall Street and major financial institutions.
A mix of commercial, office, and residential buildings.
Strong demand for office space despite market fluctuations.
Continued growth and investment in the area post-9/11.

Conclusion‍

The sale of 130 William Street exemplifies Bob Knakal’s ability to navigate challenging market conditions and maximize value for his clients. His strategic marketing efforts, combined with his strong network and negotiation skills, helped secure an optimal outcome for Kent Swig, despite the market challenges.

‍Testimonial

‍“When it was time for us to sell 130 William Street, market conditions were not ideal and I needed a broker who I knew would go above and beyond to get the job done for me. Bob Knakal and his team were the right choice for this assignment. The property was vacant and we had several potential buyers, including user groups and aggressive investors. Throughout the process, it was clear that Bob was keeping our best interests in mind every step of the way and made sure that we received our marketing reports every week. We were extremely pleased with the job Bob and his team did and look forward to our next transaction together.”
– Kent Swig, Swig Equities