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

Massey Knakal Retained Exclusively To Sell Coney Island Avenue Portfolio - 18 Lots In Ditmas Park

10/22/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell the Coney Island Avenue Portfolio, consisting of 18 tax lots located on the same block along Coney Island Avenue, Cortelyou Road and East 9th Street in Brooklyn’s Ditmas Park neighborhood.The asking price of the portfolio is $40,000,000.

Combined, the 18 properties have a lot size of approximately 78,011 square feet.  They contain approximately 135,000 commercial buildable square feet and 298,000 community facility buildable square feet.  There is a mix of garages, warehouses, vacant land, parking lots, multifamily walk-ups and mixed-use properties currently on the lots.  This portfolio presents significant development potential, just six blocks away from the Cortelyou Road Q train station.

“Located on a busy commercial strip near booming Cortelyou Road, this site has unlimited potential to add value to the community,” said Massey Knakal’s Nick Mahedy, who is exclusively marketing this portfolio.

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

10/22/2013 - 13:52

Source

Cushman & Wakefield Capital Markets Group New York

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