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

Massey Knakal Sells Three Commerical Buildings in East Williamsburg

06/12/2012

Three commercial buildings at 405-409 Johnson Avenue, located between Morgan Avenue and Bogart Street in Brooklyn’s East Williamsburg neighborhood, was sold in an all cash transaction valued at $1,600,000.

The three brick buildings total approximately 12,000 square feet and sit on 6,945 square foot lot. Together, there is one bakery, one motorcycle shop, four commercial lofts and one office. The property is located just one and half blocks from the Morgan Avenue L train station.  The sale price equates to approximately $132 per square foot.

“Many of the industrial buildings that once dominated the area are now being converted to more creative uses,” said Massey Knakal Vice President of Sales Mark Lively who exclusively represented the seller with Director of Sales Brendan 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 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

06/12/2012 - 09:11

Source

Cushman & Wakefield Capital Markets Group New York

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