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

Massey Knakal Sells Development Site in Prospect Heights

06/27/2012

A development site at 951 Pacific Street, located between Grand and Underhill Avenues in Brooklyn’s Prospect Heights neighborhood, was sold in an all-cash transaction valued at $380,000.

The lot size is approximately 20’ x 100’ and consists of 4,000 buildable square feet.  The sale price equates to approximately $95 per buildable square foot.

“This R6B site is ideal for a townhouse development,” said Massey Knakal Director of Sales Stephen Palmese who exclusively represented the seller in this transaction with Director of Sales Stephen Preuss and Senior Associate Winfield Clifford. “The purchaser plans to build a three- family townhouse,” added Palmese.

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

06/27/2012 - 11:53

Source

Cushman & Wakefield Capital Markets Group New York

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