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

Massey Knakal Sells Multifamily Townhouse In Prospect Lefferts Gardens

06/17/2014

A multifamily townhouse at 181 Lincoln Road located between Bedford and Rogers Avenues in the Prospect Lefferts Gardens neighborhood of Brooklyn, was sold in an all-cash transaction valued at $1,575,000.

The four-story building contains approximately 4,133 square feet and sits on a 21.75’ x 102.5’ lot. It consists of four free market units, with three one-bedrooms and a ground floor owner’s unit with rear extension and access to garden. The sale price equates to approximately $381 per square foot.

The property is located just two blocks from Prospect Park as well as the 2, 5, B and Q trains, offering access to Downtown Brooklyn and Manhattan within 20 minutes

“This beautiful four-family townhouse garnered interest from both investors and homebuyers alike. The purchaser was a combination of the two, representing the recent trend of live-plus income investors entering these maturing markets,” said Massey Knakal’s Michael Amirkhanian, who exclusively handled this transaction with Edward Gevinski.

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

06/17/2014 - 08:02

Source

Cushman & Wakefield Capital Markets Group New York

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