CPEX arranges two sales totaling $1.06 million

August 08, 2011 - Front Section

1634 East New York Avenue - Brooklyn, NY

Scott Burk, CPEX

Mark Scotto, CPEX

Brian Leary, CPEX

CPEX Real Estate has brokered two sales totaling $1.06 million. The deals include:
* Scott Burk Esq., associate director of the New York mixed-use sales team at CPEX, has arranged the $860,000 sale of 2066 Flatbush Ave. The Marine Park building has four apartments and one store.
* CPEX associate director Mark Scotto and managing partner Brian Leary were the exclusive brokers on behalf of the sellers in the $200,000 sale of 1634 East New York Ave.
A two-car garage occupies 875 of the property's 1,666 s/f. The property sold to a N.Y. ironworks business that had been seeking a new location in East New York.
"There is real demand for smaller vacant commercial buildings in the outer borough," said Scotto.
The property is located in the East New York Industrial Business Zone, one of sixteen such zones established by the administration of mayor Michael Bloomberg to serve as the future industrial corridors of New York City.

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