MASSEY KNAKAL COMPLETES TWO NYC MULTIFAMILY SALES TOTALING $3.7 MILLION

NEW YORK CITY — Massey Knakal Realty Services has completed two New York City multifamily sales for a total of $3.7 million. In the first transaction, Massey Knakal's Paul Smadbeck arranged the sale of a five-story property located at 338 W. 77th St. on the Upper West Side of Manhattan for $2.6 million. The building contains seven one-bedroomm residences and three studios. Six of the units are rent stabilized and four are free market. In the second transaction, Massey Knakal's Mark Lively brokered the sale of a three-story building located at 640 Manhattan Ave. in Brooklyn's Greenpoint neighborhood for $1.6 million. The building contains one three-bedroom apartment, one two-bedroom apartment and one ground-floor commercial unit. The buyers and sellers in both transactions were undisclosed. Massey Knakal was also the sole broker in both deals.