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

Massey Knakal Retained Exclusively To Sell Multifamily Property In New Lots

05/03/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a multifamily property at 690-702 New Lots Avenue. The property is located between Warwick and Jerome Streets in Brooklyn’s New Lots neighborhood. The asking price is $2,200,000.

The property contains four contiguous tax lots measuring approximately 120’ x 100’.  They encompass six two-family units that combine for a total of approximately 12,096 square feet.  Construction on the units was completed in 2008 and each unit contains an individual meter for gas and electric. 

The property resides in a residential zone (R5) and is located just two blocks from the number 3 subway line at the New Lots Avenue station.

“These newly constructed duplexes are a terrific investment opportunity in an up and coming area of Brooklyn,” said Massey Knakal Director of Sales Edward Gevinski, who is exclusively marketing this property with First Vice President of Sales Brock Emmetsberger.

For more information on this listing, contact Edward Gevinski at 718.238.8999 or Brock Emmetsberger 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 4,500 transactions having a market value in excess of $17 billion.

05/03/2013 - 13:58

Source

Cushman & Wakefield Capital Markets Group New York

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