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

Massey Knakal Retained Exclusively To Sell The Williamsburg Portfolio - Thirteen Mixed-Use and Multifamily Buildings

07/22/2014

Massey Knakal Realty Services has been retained on an exclusive basis to sell the Williamsburg Portfolio consisting of 13 mixed-use and multifamily walk-up buildings at 14 and 21 Judge Street, 24 Skillman Avenue, 29 Orient Avenue, 81 Olive Street, 429 and 436 Graham Avenue, 168 Frost Street, 792 Metropolitan Avenue, 90 Berry Street, 113 and 137 North 8th Street and 146 Wythe Avenue. The properties are located in Brooklyn’s coveted Williamsburg neighborhood. Ownership is requesting offers.

The 13 buildings total 92 residential units, two retail units and approximately 75,302 square feet, with additional income from storage units, a garage, and a billboard. 

The portfolio offers an investor the opportunity to capitalize on growing rents in Brooklyn. 

"There were only five Brooklyn sales last year for over $50 million compared to 99 in Manhattan," said Massey Knakal’s James Nelson, who is exclusively marketing this portfolio with Mark Lively and Brendan Maddigan.  "This is a unique opportunity for institutional buyers to quickly gain scale and exposure in one of the best neighborhoods to invest in within New York City,” Lively added.

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

07/22/2014 - 09:41

Source

Cushman & Wakefield Capital Markets Group New York

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