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

Massey Knakal Sells Three Contiguous Apartment Buildings In Woodside

10/11/2013

Three contiguous apartment buildings at 58-07/09/11 32nd Avenue, located between 58th and 60th Streets in the Woodside neighborhood of Queens, were sold in an all-cash transaction valued at $2,250,000.  These three-story, newly constructed, walk-up buildings combine for eight residential units, approximately 9,900 square feet, and sit on a 75’ x 100’ lot.

58-07 32nd Avenue and 58-09 32nd Avenue each consists of a three-bedroom duplex apartment on the ground floor and basement, a two-bedroom apartment on the second floor, and a three-bedroom apartment on the third floor.  58-11 32nd Avenue consists of a three-bedroom duplex apartment on the ground floor and basement and a three-bedroom duplex apartment on the second and third floors.  There are two parking spaces in front of the properties and three parking spaces located in the rear.  The sales price equates to approximately $207 per square foot.

“Due to their desirable location and new construction, we were able to achieve a strong price for these properties,” said Massey Knakal’s Thomas A. Donovan, who exclusively represented the seller in this transaction with James Nelson.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

10/11/2013 - 09:12

Source

Cushman & Wakefield Capital Markets Group New York

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