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

WIlliamsburg Development Site Sold By Massey Knakal

05/22/2012

A development site at 343-345 Berry Street, located between South 4th and 5th Streets in Brooklyn’s Williamsburg neighborhood, was sold in an all cash transaction valued at $710,000.

This development site consists of a vacant house and an empty lot. Together the two lots total approximately 4,590 buildable square feet. The sale price equates to approximately $155 per buildable square foot.

“This small site had 50' of frontage on a desirable block which made it a great boutique development opportunity,” said Massey Knakal Vice President of Sales Mark Lively who exclusively handled this transaction with Director of Sales Brendan Maddigan. “There was quite a bit of interest in this property so we were able to quickly achieve a price over the asking,” added Lively.

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

05/22/2012 - 14:08

Source

Cushman & Wakefield Capital Markets Group New York

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