BROOKLYN COMMERCIAL BUILDING TRADES FOR $13.2M

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NEW YORK CITY — American Realty Capital New York Recovery REIT has purchased a 19,960-square-foot office and retail building in Brooklyn's Homecrest neighborhood for $13.2 million. The four-story building was built in 2009 and is located at 1623 Kings Highway. The property is fully occupied by Verizon Wireless, a karate studio and Interborough Development and Consultation Center. Brian Hanson of Massey Knakal represented both parties in the transaction.

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