REBusinessOnline

HUDSON YARDS DEVELOPMENT SITE SELLS FOR $24 MILLION

NEW YORK CITY — Robert Knakal of Massey Knakal Realty Services has completed the $24 million disposition of a 75-foot wide development site in the Hudson Yards area of Manhattan, New York City. The property allows for approximately 96,281 buildable square feet as well as the opportunity to purchase roughly 22,219 square feet of air rights from the city. Knakal represented the seller, Saxa Inc., which sold the property to an undisclosed Long Island hotelier.

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