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

Massey Knakal Sells Brooklyn Heights Townhouse

06/12/2012

A three-family townhouse at 3 Monroe Place, located in the Brooklyn Heights Historic District between Clark and Pierpont Streets, was sold in an all cash transaction valued at $3,000,000.

Built in 1849, this Greek revival townhouse is approximately 4,360 square feet and sits on a 25’ x 40’ lot. The townhouse has a double parlor, a gold leaf ceiling, and a late 19th century chandelier. The front and rear parlors each have working fireplaces and are separated by Doric columns. There is a Koi pond, wall of bamboo and a rock garden in the backyard. The sale price equates to approximately $567 per square foot.

“This stabilized three family building was purchased by an owner-user who will occupy the duplex and rent the upper floors.” said Massey Knakal Director of Sales Stephen Palmese who exclusively handled this transaction with Senior Associate Winfield Clifford.

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

06/12/2012 - 09:25

Source

Cushman & Wakefield Capital Markets Group New York

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