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

Massey Knakal Sells Apartment Building In Briarwood

02/26/2013

An apartment building at 84-02 143rd Street, located on the southwest corner of 143rd Street and 84th Drive in the Briarwood neighborhood of Queens, was sold in an all-cash transaction valued at $2,950,000.                              

The six-story, elevator building contains approximately 14,763 square feet and sits on an irregular lot.  It consists of 15 one-bedroom units. Each unit has its own gas and electric meter and washer and dryer, and 12 of the units have private balconies.  The property also includes seven parking spaces.  The sale price equates to approximately $200 per square foot.

“This property was sold as a rental building with the future upside of converting the apartments into condos,” said Massey Knakal Director of Sales Brian Sarath, who exclusively handled this transaction with Partner Thomas A. Donovan.

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

02/26/2013 - 15:29

Source

Cushman & Wakefield Capital Markets Group New York

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