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Brokerage
Posted: August 25, 2014
Preuss and Sarath of Massey Knakal close $800,000
A condominium package with a vacant unit and nine parking spaces at 119-40 Metropolitan Ave. located, between Lefferts Blvd. and Brevoort St. in the Kew Gardens neighborhood, was sold in an all-cash transaction for $800,000.
The package consists of a vacant below-grade approximately 14,000 s/f unit and nine outdoor parking spaces. It is situated in a building with 33 residential units and an indoor below-grade parking garage. The sale price equates to approximately $57 per s/f.
The building is conveniently located near the LIRR Kew Gardens Station, the J, Z, E and F subway line and numerous bus lines.
"We were able to find the perfect user for this unique community facility space," said Massey Knakal's Stephen Preuss, who exclusively handled this transaction with Brian Sarath.
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