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

Massey Knakal Retained Exclusively To Sell Development Site Located In Sheepshead Bay

06/14/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a development site at 1821 Emmons Avenue. The property is located on the northeast corner of Emmons Avenue and Sheepshead Bay Road in Brooklyn’s Sheepshead Bay neighborhood. The asking price has been recently reduced to $15,900,000.

The site contains nearly an acre of underdeveloped land on an approximately 168.58’ x 244.33’ lot.  It is currently occupied by El Greco Diner.  With the potential for approximately 52,125 buildable square feet, this site is a rare opportunity to create a large scale mixed-use development facing the water on Sheepshead Bay.

This site is situated at the busy intersection of two well-established retail corridors, and benefits from high pedestrian and vehicular traffic as well as excellent visibility from the Belt Parkway.  It is accessible by public transportation including various bus routes and the B and Q subway lines. There are a wide variety of retail tenants nearby, including Bally Total Fitness, Applebee’s, Marshall’s, Loehmann’s, Citibank, and Chase. 

“This is a unique opportunity to have a presence in heart of Sheepshead Bay,” said Massey Knakal Director of Sales Alex Svetlakou, who is exclusively marketing this property.

For more information on this listing, contact Alex Svetlakou 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

06/14/2013 - 08:07

Source

Cushman & Wakefield Capital Markets Group New York

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