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

Massey Knakal Sells Multifamily Building In Bushwick

05/20/2014

A multifamily building at 36 Starr Street, located between Wilson and Central Avenuesin Brooklyn’s Bushwick neighborhood, was sold in an all-cash transaction valued at $1,500,000.

The three-story walkup building contains approximately 4,325 square feet and sits on a 25’ x 100’ lot.  It has been newly renovated and consists of six units.  The sale price equates to approximately $347 per square foot.

Located on a quiet block in Bushwick, public transportation including the L and M trains are within three blocks, offering access to nearby Williamsburg and Manhattan within 30 minutes.

“This transaction represents a new type of investor entering the Bushwick market, with an appreciation for passive income and long-term growth,” said Massey Knakal’s Michael Amirkhanian, who exclusively handled this transaction with Mark L. Lively and Brendan T. Maddigan.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

05/20/2014 - 10:04

Source

Cushman & Wakefield Capital Markets Group New York

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