MASSEY KNAKAL ARRANGES SALE OF 52-UNIT MIXED-USE BUILDING IN NYC

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NEW YORK CITY — A mixed-use building at 5008 Broadway, located on the corner of Broadway and West 213th Street in Manhattan’s Inwood neighborhood, was sold in an all-cash transaction for $9.8 million. The sales price equates to $201 per square foot. The six-story, 52-unit building spans approximately 48,576 square feet and consists of five commercial and 47 residential units. Robert Shapiro of Massey Knakal arranged the transaction. The buyer was a private investor.

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