Scotto of CPEX sells 2,406 s/f building for $250,000

CPEX Real Estate has arranged the sale of 147 Watkins St. in Brownsville. The New York sales team headed by Mark Scotto acted as sole broker on behalf of the sellers. The 2,406 s/f building sold for $250,000. "This sale is a good indicator of the high demand for owner-user industrial properties" said Brian Leary, managing partner of CPEX Real Estate. CPEX was founded in September 2008 by Timothy King and Brian Leary, two leaders in the New York City commercial real estate industry. The principals have provided a broad range of real estate and business services locally, nationally and internationally. We provide a full range of services for both real estate and business owners, through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization for each market. Our services include sales, leasing, acquisitions and advisory.