173
NEW YORK CITY — A development property at 1205-1225 Broadway in New York City’s Herald Square was sold for $71.9 million. The three-story office building at 1205-1213 Broadway is approximately 33,189 square feet with a potential maximum square footage of 111,750 square feet. The nine-story office building at 1215-1225 Broadway is approximately 138,250 square feet with a potential maximum square footage of 138,250 square feet. The buildings are currently 25 percent leased with all the remaining leases expiring within 2 years. Massey Knakal’s Robert Knakal, John Ciraulo, Craig Waggner and Jonathan Hageman represented the seller, while Daniel Rahmani and Ebi Khalili of Venture Capital Properties represented the buyer.