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

Massey Knakal Sells Mixed-Use Building In South Richmond Hill

06/20/2013

A mixed-use building at 118-18 Liberty Avenue, located between 118th Street and Lefferts Boulevard in the South Richmond Hillneighborhood of Queens, was sold in a transaction valued at $2,225,000.

The three-story building contains approximately 5,000 square feet and sits on a 25’ x 94’ lot.  It consists of two commercial spaces and two, three-bedroom apartments.  The sale price equates to approximately $445 per square foot.

This property is located directly off Lefferts Boulevard in the heart of the Liberty Avenue retail corridor.  Subway and bus stops are ideally located in front of the property, and it is close to many neighborhood amenities as well.

“The building location represents one of the most desirable retail areas in all of South Queens and warrants the aggressive pricing achieved,” said Massey Knakal Director of Sales Stephen R. Preuss, who exclusively handled this transaction with Director of Sales Brian J. 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 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

06/20/2013 - 08:40

Source

Cushman & Wakefield Capital Markets Group New York

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