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

Massey Knakal Retained Exclusively to Sell Commercial Building in Mount Vernon

07/09/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a commercial building at 42 West Broad Street. The property is located at the intersection of West Broad Street and Fleetwood Avenue in the Fleetwood neighborhood of Mount Vernon. The asking price is $6,250,000.

The site consists of a single-story retail building and an attached parking garage. The building is occupied by a 12,850 square foot Duane Reade, a 10,410 square foot Metro Fresh supermarket, and 4,500 square foot vacant space on the lower-level, previously used as a bar/dance club. The attached garage is leased to the City of Mount Vernon.

The property has significant unused air rights and offers a variety of development options, including construction of an eight to twelve story tower above the site.

The property has excellent transportation options as it is located just two blocks from the Metro-North Fleetwood train station and directly across the street from the Cross County Parkway exit/entrance ramp.

For more information on this listing, contact Massey Knakal Director of Sales Karl Brumback at 212.696.2500. 

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

07/09/2012 - 10:00

Source

Cushman & Wakefield Capital Markets Group New York

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