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NEW YORK CITY — Massey Knakal Realty Services has brokered the $20.35 million sale of a more than 2-acre site comprised of nearly 100,000 square feet at 1600 Sheepshead Bay Rd. and 1501 Voorhies Ave. in the Sheepshead Bay neighborhood of Brooklyn, New York City. The transaction was the largest in Sheepshead Bay in 20 years, and the second largest in the neighborhood’s history. Acadia Realty Trust purchased the properties, located on the north side of Voorhies Avenue between Sheepshead Bay Road and E. 14th St., from Leonard Halpern and Scott Feiden of Brooklyn. The buyer plans to construct a mixed-use development featuring national retail tenants and extensive parking. Currently a one-story, 8,400-square-foot building sits on the 1501 Voorhies Ave. parcel, which totals approximately 83,962 square feet. The approximately 12,709-square-foot 1600 Sheepshead Bay Rd. site includes an 11,870-square-foot, two-story mixed-use building containing five retail stores, five offices and one residential apartment. The properties encompass a total of almost 330,000 commercial buildable square feet, or almost 235,000 residential buildable square feet, and are in close proximity to the Sheepshead Bay waterfront. Massey Knakal was the sole broker in the transaction.

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