NEW YORK CITY — Massey Knakal has brokered the $11.9 million sale of a 187-foot by 80- foot development site in downtown Brooklyn, New York City. Tyler Hospitality, which purchased the property from Nevins Realty, plans to build a hotel at the site. Located at 300 Schermerhorn, the site contains approximately 83,000 square feet of buildable space for a mixed-use development project, or 90,000 square feet for a community-use property. Brian Leary of Massey Knakal represented the seller in the transaction.
In addition, Massey Knakal has brokered the $1.6 million sale of a three-story, mixed-use building in the Greenpoint neighborhood of Brooklyn, New York City. The 25-foot-wide property, located at 916 Manhattan Ave., features two large floor-thru apartments and a ground-floor retail unit with a backyard. The 4,750-square-foot property is underbuilt according to C4-3 zoning, allowing for 8,500 square feet of commercial space. The building was vacant when delivered to the buyer, Brooklyn investor Marek Swiatkowski. Massey Knakal represented the buyer and the seller, Thomas McGinn of Brooklyn, in the transaction.
12