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

Two Multifamily Buildings in Flatbush Sold by Massey Knakal

05/29/2012

Two multifamily buildings at 2044-2048 Nostrand Avenue, located between Glenwood and Farragut Roads in Brooklyn’s Flatbush neighborhood, were sold in an all cash transaction valued at $1,160,000.

The two six-story properties sit on a 51.5’ x 100’ lot.  Together, the buildings consist of two one-bedroom units and ten two-bedroom units.  There are two large basement spaces, measuring 750 square feet. The buildings are located just one block from the 2, 3, 4 and 5 trains at Flatbush Avenue station.

“After exposing the property to potential buyers, both in and out of state, we were able to procure a qualified buyer at above market value in a very short period of time,” said Massey Knakal Director of Sales Edward Gevinski who exclusively handled this transaction with Director of Sales Nick Mahedy.

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

05/29/2012 - 13:49

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here