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

Massey Knakal Retained Exclusively To Sell Corner Retail Building In East Flatbush

05/14/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a retail building at 1620 Ralph Avenue. The property is located on the corner of Ralph Avenue and Farragut Road in Brooklyn’s East Flatbush neighborhood. The asking price is $4,200,000.

The one-story building contains approximately 7,672 square feet and sits on a 96’ x 154’ lot.  It consists of four units and is 100% leased to a pizzeria, laundromat, and pair of medical offices.  There is significant potential for upside in rents.  This property has incredible street presence, benefitting from over 250 feet of frontage in a location with high traffic volume at a five-way intersection.

For more information on this listing, contact Massey Knakal Chairman Bob Knakal at 212.696.2500 or Director of Sales Edward Gevinski 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

05/14/2013 - 19:58

Source

Cushman & Wakefield Capital Markets Group New York

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