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

Massey Knakal Sells Mixed-Use Building In Fort Greene

02/05/2013

A mixed-use building at 341 Myrtle Avenue, located between Carlton Avenue and Adelphi Streetin Brooklyn’s Fort Greene neighborhood, was sold in an all-cash transaction valued at $950,000.

The three-story building contains approximately 3,369 square feet and sits on a 25’ x 99’ lot.  It consists of a ground floor commercial tenant with the second and third floors currently vacant.  Additionally, there are approximately 5,100 square feet of available air rights.  The sale price equates to approximately $282 per square foot.

“This property was purchased by a local investor who plans to gut renovate the upper floors.  The ground floor retail remains occupied through 2015,” 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 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

02/05/2013 - 12:09

Source

Cushman & Wakefield Capital Markets Group New York

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