REBusinessOnline

APARTMENT BUILDING TRADES HANDS

NEW YORK CITY — New York City-based Massey Knakal Realty Services has negotiated the sale of 650 46th Street, a six-unit residential apartment building located in the Sunset Park neighborhood of Brooklyn, New York City, for $750,000. Adam Hess was the sole broker in the transaction between two undisclosed parties. The property traded at a 5.5 percent capitalization rate.

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