DeCheser, Freeman and Falco of MK sell three separate N.Y.C. properties

Massey Knakal Reatly Services (MK) has recently completed the following sales: A 50-ft. wide commercial building at 11-13 Hubert St. in the TriBeCa mixed-use district was sold in a transaction valued at $9.5 million. The 50' x 98' property contains 9,923 s/f including mezzanine space on the ground floor and professional offices on the second and third floors. The property was delivered vacant and sold for $957.37 per s/f. MK broker Peter DeCheser exclusively represented the seller. MK was the sole broker in this transaction. A 50' x 100' development site at 611 DeGraw St. in the Park Slope section of Brooklyn was sold in an all-cash transaction valued at $1.4 million. The lot contains 10,000 buildable s/f. The property sold for $140 per buildable s/f to a N.J. developer. MK broker Kenneth Freeman exclusively represented the seller. MK was the sole broker in this transaction. MK has sold a 73-ft. wide, one-story warehouse at 59-01 55th St. in the Maspeth section of Queens in an all-cash transaction valued at $1.15 million. The 73' x 100' property contains one drive-in garage door and 14-ft. ceilings over 7,300 s/f. The vacant property sold for $157.53 per s/f to a Queens user. MK broker John Falco exclusively represented the seller. MK was the sole broker in this transaction. Additionally, MK has been retained on an exclusive basis to sell a 7.5 acre development site in the Howard Beach section of Queens with approved plans for one of the largest private gated communities in the borough. Approved plans call for 237 apartment units. Ownership had planned to do the development in two phases, the first phase consisting of 111 units. Currently, there are completed piles, foundations, underground plumbing and basement floor for all the units in phase 1. The streets within the property have been de-mapped and deeded to the current owner. MK broker Stephen Preuss is the exclusive agent.