Development site sold for $6m.A residential development site at 523-525 Clinton Avenue in Brooklyn was sold by 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 in an all-cash transaction valued at $5,850,000.
The three-story property is located between Fulton Street Fulton Street is a common name..
In New York City, the name is frequently associated with Robert Fulton, who invented a steam boat.
"This is a great test for the market to see how units are absorbed in this fringe area fringe area
A zone just outside of the range of a broadcasting station in which signals are weakened and distorted. ," said Massey Knakal Partner Brian Leary.
The property was purchased by a Manhattan developer. Massey Knakal Realty Services and Eastern Consolidated were the brokers.