Palmese, Krivit, Lively and Kean of MK complete three separate sales: $3.245m total
Massey Knakal Realty Services (MK) has recently completed the following deals:
A mixed-use property at 8612 3rd Ave. in the Bay Ridge area was sold in an all-cash transaction valued at $1.275 million. It contains 3,700 s/f and was sold for $350 per s/f to a Brooklyn investor. MK broker Stephen Palmese exclusively represented the seller.
The firm has also sold a three-family apartment building at 590 Sterling Pl. in the Prospect Heights area in a transaction valued at $1.095 million. The property sold for $260.71 per s/f to a Manhattan user. MK broker Ira Krivit exclusively represented the seller. Alex Maroni of Heights Berkeley Realty Inc. assisted.
MK sold a 2,500 s/f, one-story restaurant building with 3,000 s/f of additional air rights at 218 Richardson St. in the Williamsburg area in an all-cash transaction valued at $875,000. It was delivered vacant and sold for $350 per s/f. MK broker Mark Lively exclusively represented the seller with broker Philip Kean. Ari Freundlich assisted in this transaction.
The firm has also been hired to market an entire Fifth Ave. block front in Harlem-1428 Fifth Ave. The property presents an investment and development opportunity along Fifth Ave. and West 116th St. Shimon Shkury, Thomas Donovan and Michael Tortorici of MK are the exclusive agents.
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
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,
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.