Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Retained Excluisvley to Sell the Hazelwood Portoflio - A Collection of Manhattan Avenue Buildings

03/26/2015

Cushman & Wakefield has been retained on an exclusive basis to sell the Hazelwood Portfolio, consisting of four retail-driven properties on Manhattan Avenue in Brooklyn’s Greenpoint neighborhood.  The asking price is $20,000,000.

The four separate buildings total approximately 19,825 square feet with 20 units and are located on three tax lots.

764 Manhattan Avenue, located between Meserole and Norman Avenues, is a four-story building that contains approximately 11,875 square feet on a 50’ x 100’ lot.  It consists of four retail units, six free market apartments, and three rent stabilized apartments.  760 Manhattan Avenue, located between Meserole and Norman Avenues, is a two-story commercial building that contains approximately 2,450 square feet and consists of two retail units.  730 Manhattan Avenue, located between Meserole and Norman Avenues, is a three-story mixed-use building that contains approximately 2,970 square feet on a 25’ x 100’ lot.  It consists of a ground floor retail unit with two free market apartments above.  644 Manhattan Avenue, located between Nassau and Bedford Avenues, is a two-story commercial building that contains approximately 2,530 square feet on a 25’ x 100’ lot.  It consists of one retail unit and one residential unit.

“This portfolio presents the opportunity to purchase scale on a rarely available retail corridor in Greenpoint,” said Cushman & Wakefield’s Brendan Maddigan, who is exclusively marketing this portfolio.

03/26/2015 - 18:30

Source

Cushman & Wakefield Capital Markets Group New York

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