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

Massey Knakal Sells Commercial Building in the Bronx

06/20/2012

A commercial building at 5905 Broadway, located between 240th and 242nd Streets in the Bronx, was sold in an all cash transaction valued at $2,650,000.

Fronting Broadway on the southwest corner of Van Cortlandt Park, this former factory and parking garage was the site of Fieldston Billiards before being converted into its current use as a church.  The property is approximately 20,000 square feet and sits on a 100’ x 100’ lot. The sale price equates to $132 per square foot.

“It’s not every day you sell a building that has had so many different uses. We were able to negotiate a lease/purchase agreement that worked for both the owner and the Church.  Both parties were pleased to complete the transaction,” said Massey Knakal Director of Sales Karl Brumback who exclusively handled this transaction.

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

06/20/2012 - 09:28

Source

Cushman & Wakefield Capital Markets Group New York

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