Massey Knakal Realty Services closes two deals totaling $2.725m
Massey Knakal Realty Services recently completed two sales valued at $2.725 million.
In the first deal, Massey Kankal sold a four-family building at the front of the lot and a two-family building in the rear on 417 Grand St. in Williamsburg. The all-cash transaction was valued at $1.65 million. The 25 ft. wide properties are located on the north side of Grand St. Both buildings were delivered fully occupied with leases expiring at the end of October. They contain 5,800 s/f. Massey Knakal broker Mark Lively represented the seller. Massey Knakal and Nick Arnold of Corcoran were the brokers.
The second deal was the sale of a 16 ft. wide brownstone with six studios and one commercial space at 452 West 145th St. in the Hamilton Heights Historic District by Massey Knakal. The all-cash transaction was valued at $1.075 million. The three-story plus ground level property is located on the south side of West 145th St. It contains 3,328 s/f. Massey Knakal broker Patrick O'Malley represented the seller. Massey Knakal was the sole broker.
Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,