8/4/2008

Massey Knakal brokers sale of Brooklyn restaurant building for $875K

by

218 Richardson Street

Massey Knakal Realty Services facilitated the sale of a one-story restaurant building in the Williamsburg section of Brooklyn in an all-cash transaction worth $875,000.

Massey Knakal's Mark Lively and Philip Kean represented the seller in the transaction. Ari Freundlich was also involved.

The 2,500-square-foot property is located at 218 Richardson Street and includes approximately 3,000 square feet of additional air rights.

It was recently renovated to code for an eating and drinking establishment and includes a kitchen, new HVAC system and new electrical service throughout. The vacant property sold for $350 per square foot.

Address: 218 Richardson Street, Brooklyn, N.Y.

Size: 2,500 square feet along with 3,000 square feet of air rights

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Filed Under: Hotel/Resort

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