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

Massey Knakal Sells Loft Building In Brooklyn Navy Yard

10/10/2012

A loft building at 62 Washington Avenue, located between Flushing and Park Avenues blocks from the Brooklyn Navy Yard, was sold in an all-cash transaction valued at $750,000.

The three-story building is approximately 5,400 square feet and sits on a 20’ x 100’ lot.  It contains three floor-through loft units.  The sale price equates to approximately $139 per square foot.

“This is the third property Massey Knakal has sold in the Navy Yard in the second half of 2012,” 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

10/10/2012 - 10:08

Source

Cushman & Wakefield Capital Markets Group New York

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