MASSEY KNAKAL COMPLETES TWO MANHATTAN MULTIFAMILY SALES

NEW YORK CITY — Massey Knakal Realty Services has completed the sale of two multifamily buildings in Manhattan, New York City. In the first transaction, Massey Knakal's Thomas Gammino arranged the sale of a five-story walk-up building located at 504 E. 84th St. on the Upper East Side. The building, which traded for $2.67 million, features eight residential units, including a 2,900-square-foot owner duplex with a garden. Five of the units are free market and three are rent stabilized. The building also includes a rooftop antenna currently rented to Sprint and 2,100 square feet of air rights. In the second transaction, Massey Knakal's Michael DeCheser arranged the $2.4 million sale of a commercial loft building located at 112 Stanton St. on the Lower East Side. The six-story building contains a ground-floor retail space with basement space as well as six residential units above. Three units are currently occupied by interim multiple dwelling tenants and the other three are vacant. The buyers and sellers in both transactions were not disclosed.