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

Massey Knakal Sells Townhouse In Cobble Hill

06/23/2014

A townhouse at 170 Amity Street located between Court and Clinton Streets in the heart of Brooklyn’s Cobble Hill neighborhood, was sold in an all-cash transaction valued at $4,500,000.

The beautiful four-story building contains approximately 4,500 square feet and sits on a 25’ x 100’ lot.  It consists of a ground floor duplex, which features two bedrooms, two bathrooms, and a garden.  Additionally, there is a floor-through two-bedroom unit on both the third and fourth floors. The sale price equates to approximately $1,000 per square foot.

The property is conveniently located in close proximity to Cobble Hill Park, multiple subway lines, and the prime retail corridors of Court Street, Smith Street, and Atlantic Avenue.

“The market was swift to respond to the rare opportunity to own an Amity Street address in Brooklyn’s highly coveted Cobble Hill neighborhood,” said Massey Knakal’s Winfield Clifford, who exclusively represented the seller in this transaction with Stephen R. Preuss. We achieved $1000 per square foot for a building that will ultimately be converted to a single-family residence,” Clifford added.

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

06/23/2014 - 10:12

Source

Cushman & Wakefield Capital Markets Group New York

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