MASSEY KNAKAL NEGOTIATES COOP SALE AT RESIDENTIAL BUILDING

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NEW YORK CITY — Massey Knakal Realty Services has negotiated the $2.65 million sale of 39 cooperative units within a 54-unit residential building located in the Bronx, New York City. The units comprise four studios, 24 one-bedroom units and 11 two-bedroom units. The six-story residential building was constructed in 1950 and is situated at 3250 Netherland Ave. Karl Brumback and Paul Smadbeck of Massey Knakal were the sole brokers in the deal. The property traded for 6.8 percent.

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