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

Massey Knakal Retained Exclusively To Sell Corner Mixed-Use Building In Clinton Hill

04/10/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 1057 Fulton Street. The property is located on the corner of Fulton Street and Irving Place in Brooklyn’s Clinton Hill neighborhood. The asking price is $3,000,000.

The four-story building contains approximately 10,337 square feet and sits on a 25’ x 84.1’ lot. It offers approximately 25 feet of frontage on Fulton Street and 66 feet on Irving Place. The building benefits from an approximately 2,461 square foot basement.  As the building will be delivered vacant, the property is well-positioned to be converted to a variety of uses or occupied by a user.

The property is conveniently located five blocks from the Clinton Washington C train, two blocks from the Franklin Avenue C and S trains, a five minute walk to the Classon Avenue G train, and a ten minute walk from the new Barclays Center and Atlantic Terminal. 

“It’s rare to have a vacant property in Brooklyn, much less a vacant, corner property.  This building will be welcomed by a market with limited inventory and by excited developers,” says Massey Knakal Director of Sales Stephen Palmese.

“Fort Greene and Clinton Hill has been the busiest submarket for Community Board 2.  There were over 30 transactions in this area last year with nearly half being development or conversion properties,” adds Winfield Clifford.

For more information on this listing, contact Massey Knakal Director of Sales Stephen Palmese or Associate Director of Sales Winfield Clifford 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

04/10/2013 - 13:15

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here