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

Massey Knakal Retained Exclusively To Sell Or Ground Lease Development Site In Williamsburg

04/24/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell or ground lease a development site at 215 North 10th Street. The property is located on the corner of North 10th and Roebling Streets in Brooklyn’s Williamsburg neighborhood. The property is available for sale with an asking price of $24,000,000 or for ground lease.

The site is an approximately 18,000 square foot lot, which is located two blocks from McCarren Park and zoned for residential or commercial use.  It holds approximately 48,600 buildable square feet, which can be raised up to approximately 64,800 with inclusionary housing.

“This is a great corner development site not far from McCarren Park and the entrance to the Bedford Avenue L train station,” said Massey Knakal’s Mark L. Lively, who is exclusively marketing this property with Brendan T. Maddigan and Andrew J. Posil.  “There really arenot too many good sized properties left for development in the Northside,” said Maddigan.  “The property’s desirable location and existing zoning offer a variety of attractive development options including residential, retail, and hotel,” added Posil.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

04/24/2014 - 17:35

Source

Cushman & Wakefield Capital Markets Group New York

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