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

Massey Knakal Retained Exclusively To Sell Or Lease Coney Island Retail Building

12/20/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell or NNN lease a retail building at 1102-1106 Avenue U. The property is located on the corner of Coney Island Avenue and Avenue U in Brooklyn’s Coney Island neighborhood. The asking price is $3,500,000 for the sale of the building. The lease price is available upon request.

The two-story building contains approximately 8,703 square feet and sits on a 57’ x 82’ lot.  It has a full basement, ground floor retail, and offices and two small apartments on the second floor.  The lot offers value-add potential with approximately 14,880 buildable square feet of development rights. Located on a busy intersection of a well-established retail corridor, it benefits from 82 feet of frontage on Coney Island Avenue and 57 feet of frontage on Avenue U.

Neighboring tenants include Chase Bank, McDonald’s, Burger King, Dunkin Donuts, and Walgreens.  Along with high vehicular and foot traffic, local mass transit includes the B68 and B3 buses as well as the Q subway line at Avenue U and East 15th Street.

For more information on this listing, contact Massey Knakal Director of Sales Brian R. Hanson 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 4,200 transactions having a market value in excess of $15 billion.


www.masseyknakal.com

12/20/2012 - 11:27

Source

Cushman & Wakefield Capital Markets Group New York

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