News:
Brokerage
Posted: June 13, 2011
Donovan of Massey Knakal handles $700,000 sale of 3,300 s/f property
A mixed-use building at 55-18 Myrtle Ave., located between Putnam Ave. and Madison St. in Ridgewood was sold in an all cash transaction valued at $700,000. The three-story property is 3,300 s/f and sits on a 20' x 75' lot. There is a 1,000 s/f vacant retail space on the ground floor and two two-bedroom apartments above.
"Demand for buildings on Myrtle Ave. remains strong due to the high foot traffic and limited availability of space," said Massey Knakal partner Thomas Donovan who exclusively handled this transaction.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 2001, their agents have closed over 2,500 transactions, with an aggregate value exceeding $12 billion.
Tags:
Brokerage
MORE FROM Brokerage
Elecor Properties executes 150,000 s/f of leases at One Market Plaza
San Francisco, CA Elecor Properties has secured four leases comprising 149,914 s/f at One Market Plaza since the beginning of the year, underscoring strong demand for premier office
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
.gif)