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Cushman & Wakefield Sells Four Parcels of Land in Kensington

03/26/2015

Four parcels of land at 3449-3461 Fort Hamilton Parkway, located between Chester Avenue and 36th Street in Brooklyn’s Kensington neighborhood, were sold in an all-cash transaction valued at $5,000,000.

The property consists of four parcels of land on a 125’ x 120’ combined lot.  The property holds four single-story buildings, totaling approximately 9,900 square feet.  All buildings have been completely renovated and zoning allows for Community Facility Group 4 and most commercial uses.  Extra wide sidewalks may provide additional utility and the location benefits from strong vehicular traffic.

“The C8 zoning is the only commercial zoning that allows automotive uses. The buyer, an auto dealer, needed a property that was in move-in condition and this one fit all of his requirements,” said Cushman & Wakefield’s Jeffrey A. Shalom, who exclusively represented the seller in this transaction.  The buyer was represented by Leiby Gold of Eretz Realty.

03/26/2015 - 18:45

Source

Cushman & Wakefield Capital Markets Group New York

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