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MASSEY KNAKAL COMPLETES TWO SALES TOTALING $2.3 MILLION

NEW YORK CITY — New York City-based Massey Knakal Realty Service has completed two commercial sales in New York City for a total of $2.3 million. In the first transaction, Massey Knakal’s Nick Burns completed the $1.2 million sale of a vacant two-story commercial building located at 791-795 Westchester Ave. in the Bronx. The building totals 7,679 square feet and was owner-occupied by the selling family for more than 30 years. In the second transaction, Massey Knakal’s Stephen Palmese and Matthew Giordano brokered the sale of a three-story multi-use building located at 7524 Third Ave. in Brooklyn. The first floor of the 4,312-square-foot building is occupied by Dime Savings Bank under a long-term lease. The second and third floors each contain one three-bedroom apartment. The property traded for $1.1 million.

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