BROOKLYN HEIGHTS RETAIL LOCATION TRADES FOR $12M

by admin

NEW YORK CITY — Besen & Associates has arranged the $12 million sale of 172-174 Montague St., an 8,150-square-foot retail building in Brooklyn. Tenants include a Hallmark store and a pub, with leases expiring by July 2013. David Davidson and Lynda Blumberg of Besen & Associates represented the seller, a private investor who had at one time owned the Hallmark franchise in the building. The buyer was a local developer who plans to build on the site in the future.

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