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

Massey Knakal Retained Exclusively To Sell Apartment Building In Midwood

02/26/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell an apartment building at 108 Kenilworth Place. The property is located between Hillel Place and Glenwood Road in Brooklyn’s Midwood neighborhood. The asking price is $6,000,000.

The four-story building contains approximately 23,380 square feet and sits on a 60’ x 100’ lot. It consists of 19 residential units, two community units, and ten parking spaces.  Tenants pay their own heat and hot water.  This site benefits from its location a half block from Brooklyn College and a tax abatement with seven years remaining on the full abatement.  It has very low expenses and excellent net operating income.

For more information on this listing, contact Massey Knakal Director of Sales Nick Mahedy at 718.238.8999.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

02/26/2013 - 15:16

Source

Cushman & Wakefield Capital Markets Group New York

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