MASSEY KNAKAL BROKERS SALE OF TWO INDUSTRIAL BUILDINGS

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NEW YORK CITY — Massey Knakal Realty Services has brokered two all-cash transactions in New York City that included a one-story garage located at 1341 Garrison Ave. and a 25,000-square-foot warehouse located at 585 Wales Ave. The garage sale was valued at $1.6 million and the warehouse sale was valued at $1.3 million. The garage is approximately 15,155 square feet and was renovated in the mid-1990s. It features 20-foot clear ceiling heights, two garage doors and 750 square feet of office space. The 25,000-square-foot warehouse contains five stories and a basement, which was formerly used as an office/warehouse space. Nick Burns of Massey Knakal was the sole broker in both transactions.

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