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

Massey Knakal Sells Retail Building in East Flatbush

07/30/2012

A retail building at 1025 Rogers Avenue,located on the northeast corner of Rogers Avenue and Beverly Road in Brooklyn’s East Flatbush neighborhood, was sold in an all-cash transaction valued at $470,000.

The one-story building is approximately 2,090 square feet and sits on a 22’ x 95’ lot.  The building contains one unit with a full usable basement.  A former restaurant and nightclub, the building features space for a kitchen on the ground floor, bathrooms on both levels, and separate egress to and from the finished basement. The property is located just three blocks from the Beverly Road subway station and approximately six blocks east of Flatbush Avenue. It has excellent visibility on a busy corner and is well suited for a variety of retail uses. The sale price equates to approximately $224 per square foot.

“The seller was pleased to complete an all-cash transaction within three months of hiring Massey Knakal,” said Massey Knakal Director of Sales Nick Mahedy who exclusively handled this transaction with Massey Knakal Partner Thomas A. Donovan.

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.

www.masseyknakal.com

07/30/2012 - 10:17

Source

Cushman & Wakefield Capital Markets Group New York

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