8/1/2008

Brooklyn mixed-use building goes for $1.275M

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A 3,700-square-foot mixed-use property in Brooklyn, N.Y., was sold by Massey Knakal Realty Services in an all-cash transaction for $1.275 million to a Brooklyn investor, at a rate of $350 per square foot.

Massey Knakal's Stephen Palmese represented the seller, and Massey Knakal was the sole broker in the transaction.

The 20-foot-wide property is located at 8612 Third Avenue in the Bay Ridge section of Brooklyn.

Its 3,700-square-foot size includes a national franchise Carvel/Cinnabon tenant on the ground floor and a 2,000-square-foot duplex. The duplex includes four bedrooms and two full bathrooms.

Address: 8612 Third Avenue, Brooklyn, N.Y.

Size: 3,700 square feet

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Filed Under: Mixed Use

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