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

Massey Knakal Sells Mixed-Use Building In Glendale

12/04/2012

A mixed-use building at 7136 Myrtle Avenue, located between 71st Place and 72nd Street, in the Glendale neighborhood of Queens, was sold in an all-cash transaction valued at $2,150,000.

The two-story building contains approximately 12,810 square feet and sits on a 143’ x 109’ lot.  With five commercial units, it has approximately 10,000 square feet of retail space on the ground floor and 1,500 square feet of office space on the second floor with approximately 5,600 feet of on-site parking in the rear.  The sale price equated to approximately $168 per square foot.

“Massey Knakal sold this building for the second time. The buyers are owner users who plan to operate a laundromat,” said Massey Knakal Partner Thomas Donovan, 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.

12/04/2012 - 11:49

Source

Cushman & Wakefield Capital Markets Group New York

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