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

Massey Knakal Sells Multifamily Building In Ditmas Park

01/30/2014

A multifamily building at 610 Marlborough Road, located between Newkirk and Foster Avenuesin Brooklyn’s Ditmas Park neighborhood, was sold in a transaction valued at $765,000.              

The four-story walkup building contains approximately 5,750 square feet and sits on a 20’ x 100’ lot.  It consists of four residential units, and the sale price equates to approximately $133 per square foot.

“The seller was pleased to realize a sale price over 11 times the rent roll and a 4 % cap rate,” said Massey Knakal’s Nick Mahedy, 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 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

01/30/2014 - 10:31

Source

Cushman & Wakefield Capital Markets Group New York

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