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

Massey Knakal Sells Two Mixed-Use Buildings in Richmond Hill

07/09/2012

Two mixed-use buildings at 126-15/17 Liberty Avenue, located on the north side of Liberty Avenue between 126th and 127th Streets in Richmond Hill, Queens, were sold in an all-cash transaction valued at $1,090,000.

Each mixed-use building sits on a 20’ x 85’ lot and contains one commercial unit and two one-bedroom apartments in each of the buildings. The building located at 126-15 Liberty Avenue contains approximately 3,200 square feet while the building at 126-17 Liberty Avenue contain 2,400 square feet.  The buildings are ideally located just blocks from the A subway line. Additionally, the Q112 bus lines stops right in front of the property. The sale price equates to approximately $194 per square foot.

“The buildings close proximity to neighborhood amenities and public transportation made this an ideal investment opportunity,” said Massey Knakal Director of Sales Brian Sarath who exclusively handled this transaction with Director of Sales Stephen Preuss.

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

07/09/2012 - 10:00

Source

Cushman & Wakefield Capital Markets Group New York

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