Printer Friendly

Massey Knakal sells warehouse for $23m.

Massey Knakal Realty Services has sold an elevatored warehouse building with residential loft and/or retail potential at 220 Water Street in the Dumbo/Vinegar Hill section of Brooklyn in an all-cash transaction valued at $23,500,000.

The 220' x 200' irregular building is located in the heart of Dumbo/Vinegar Hill between Jay and Bridge Streets. The five-story property is located in an M-1-2 zone and contains approximately 185,000 square feet. It includes high ceilings, a basement, mechanical space and an internal courtyard with large interior windows on every floor. The property was delivered vacant and sold for $127.03 per square foot.

"This is a landmark deal in Brooklyn and just another sign that the housing market remains extremely strong," said Massey Knakal Partner Brian Leary, who exclusively represented the seller with Founding Partner Paul Massey.

The property was purchased by a Westchester developer. Massey Knakal Realty Services represented the seller while Kalmon Dolgin R.E. represented the purchaser in this transaction.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Massey Knakal Realty Services Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 27, 2005
Previous Article:Hamptons luxury addition.
Next Article:Palladia purchases Harlem building for its new HQ.

Related Articles
Massey Knakal sells Nike headquarters.
Massey Knakal Realty Services.
Massey Knakal Realty Services.
Massey Knakal Realty Services.
Apartment building nets $10m.
Massey Knakal sells Brooklyn portfolio.
Fifth Avenue building fetches $46m.
Massey Knakal Realty Services.
Air is sold for $1m.
Townhouse fetches $12m.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters