News: Brokerage

Sarn of Massey Knakal Realty sells 149 33rd St. in Brooklyn for $2.5m

Massey Knakal Realty Services has completed two sales totaling $4.23 million. The deals include: * The $2.5 million sale of a 10,000 s/f warehouse at 149 33rd St. in the Greenwood Heights section. The 100' x 100' property contains 10,000 s/f of air rights in addition to the warehouse. The warehouse has 13-foot high ceilings and a recently installed rubber roof. It also has two separate loading areas - one loading bay with ground level access and the other, a loading dock. The property was sold to a Manhattan user. Massey Knakal broker Lawrence Sarn exclusively represented the seller. Massey Knakal was the sole broker. * The $1.73 million sale of a mixed-use corner building at 314 Carroll St. in the Carroll Gardens section. The four-story, 5,814 s/f property contains a store, a vacant loft, six apartments (five rent stabilized, one vacant) and a three-car garage. Massey Knakal sold this property back in 2004 for $1.05 million. Massey Knakal broker Ken Freeman represented the seller. Massey Knakal and Mina Pecorella of Century 21 Calabrese Realty were the brokers.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent