Mixed-Use

NEW YORK CITY — Massey Knakal has brokered the $8.1 million sale of two adjacent mixed-use buildings in Manhattan’s Upper West Side at 450 and 452 Amsterdam Ave. The properties are approximately 18,500 square feet combined with four stores and 16 apartments, and the sales price equates to approximately $437 per square foot. The buildings are both five-stories and have been owned by a New York family for multiple generations. Massey Knakal’s Hall Oster and Paul Smadbeck had the exclusive listing for the properties.

NEW YORK CITY — A mixed-use building comprised of nine apartment units and seven retail stores located at 825-829 Flatbush Ave. in Brooklyn has been purchased for $2.8 million. The property has a total 13,059 square feet of rentable space, with 9,792 square feet as multifamily space and 3,267 square feet of retail space. Naomi Shu of Marcus & Millichap Real Estate Investment Services’ Manhattan office represented both the buyer and seller in the transaction.

NEW YORK CITY — Jericho, N.Y.-based Metropolitan Realty Associates (MRA) and its equity partner Angelo Gordon & Co. have sold a 188,500-square-foot mixed-use property for $39.25 million, or about $208 per square foot. The buyers are real estate investor David Werner and Carlton Associates Inc., both of New York City. The two building complex sits at 1000 Stewart Ave. and 500 Endo Blvd. in Garden City on Long Island. The sale is the result of an auction conducted by Eastdil Secured’s Michelle Mahl, Josh King, Adam Spies and Adam Etra. The buyers represented themselves in the transaction. MRA and Angelo Gordon acquired the building in 2005 from Bristol Myers Squibb.

NEW YORK CITY — Massey Knakal and Adams & Co. have arranged the sale of a $1.8 million mixed-use property at 180 E. 94th St. in Manhattan. The four-story property is 3,147 square feet and is comprised of one retail unit, currently leased by a nail salon, and two fair market residential units, which includes a duplex with a roof deck. James P. Nelson and Tom Gammino Jr. of Massey Knakal represented the seller and Adams & Co.’s Jeff Buslik and Staci Goodman represented the buyer. The sale works out to be about $645.86 per square foot.