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

Massey Knakal Sells Condominium Package With Parking Spaces In Kew Gardens

06/03/2014

A condominium package with a vacant unit and nine parking spaces at 119-40 Metropolitan Avenue located, between Lefferts Boulevard and Brevoort Street in the Kew Gardens neighborhood of Queens, was sold in an all-cash transaction valued at $800,000.

The package consists of a vacant below-grade approximately 14,000 square foot unit and nine outdoor parking spaces.  It is situated in a building with 33 residential unit and an indoor below-grade parking garage. The sale price equates to approximately $57 per square foot.

The building is conveniently located near the LIRR Kew Gardens Station, the J, Z, E and F subway line and numerous bus lines.

“We were able to find the perfect user for this unique community facility space,” said Massey Knakal’s Stephen R. Preuss, who exclusively handled this transaction with Brian Sarath.

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

06/03/2014 - 13:38

Source

Cushman & Wakefield Capital Markets Group New York

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