News: Brokerage

Massey Knakal Realty Services brokers five sales totaling $17.211m

Massey Knakal Realty Services (MK) has completed the sale of five properties totaling $17.211 million. The transactions include the following: * The $5.35 million sale of a 3,485 s/f property with two floors of retail and two floors of apartments at 1049 Lexington Ave. MK broker Guthrie Garvin represented the seller. MK and Cathy Franklin of Brown Harris Stevens were the brokers. * The $4.3 million sale of a five-story townhouse at 312 West 88th St. The building is configured as 10 rental apartments. The property contains 6,090 s/f. MK broker Meyrick Ferguson, represented the seller. * The $4.25 million sale of a residential development site with a footprint of 12,500 s/f at 88-96 Withers St. in the Williamsburg section of Brooklyn. The property is fully built with three vacant warehouse buildings in an MX (M1-2/R6) zone, allowing for residential development. The property contains 29,936 buildable s/f. MK broker Mark Lively represented the seller. * The $2.5 million sale of a three-story, 14,226 s/f mixed-use building at 133 Hillside Place, Eastchester. MK managing director/partners Marco Lala and James Nelson represented the seller. * The $811,000 sale of a 75-ft. wide industrial development property at 57-29 58th St. in the Maspeth section of Queens. The property has a total footprint of 7,500 buildable s/f. Located in an M1-1D zone, the property was sold to a Queens developer who plans to erect a small warehouse on the space. MK broker John Falco, represented the seller.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.