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.

Fulton Street (Brooklyn)
Fulton Street (Manhattan)
Fulton Street (New York City Subway) located on either of those streets.

and Atlantic Avenue The following streets in the United States are named Atlantic Avenue:

Atlantic Avenue (Boston) in Massachusetts
Atlantic Avenue (New York City) in Brooklyn and Queens, New York
Atlantic Avenue (Atlantic City) in New Jersey, used in the Monopoly game

in an R-6 zone. Currently, there are proposed plans for approximately 84,717 bsf--64,003 s/f of residential space, 11,184 of community space and 9,530 s/f of parking.

"This is a great test for the market to see how units are absorbed in this fringe area fringe area
n.
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.

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Publication:	Real Estate Weekly
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Jun 22, 2005
Words:	111
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