$10m parking deal.Massey Knakal Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Services has sold an open air parking lot in the recently rezoned Hunters Point Hunters Point refers to the following places:
The corner property is located at 51-18 Vernon Boulevard at Borden Avenue. The site is currently zoned M1-5/R7X, which carries approximately 134,090 as-of-right buildable build·a·ble adj. Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. square feet. The lot is operated by the owner, who has a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. lease for signage on the property of $180,000 annually through June 30, 2006. The price will increase to $216,000 annually thereafter through June 30, 2009. The lot is approximately 26,818 square feet and sold for $80 per buildable square foot. "The market demand ultimately pushed the selling price to 13% above the original asking price of $9,500,000," said Massey Knakal Broker Alfonso Holloman, who exclusively represented the seller with Chairman Robert Knakal. The property was purchased by a Queens developer. Massey Knakal Realty Services was the sole broker in this transaction. |
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