TWO RETAIL PROPERTIES TRADE FOR $4.52 MILLION

by admin

NEW YORK CITY — Massey Knakal Realty Services (MK) has brokered two New York City sales totaling $4.52 million. In Long Island City, Queens, MK’s Al Holloman represented both undisclosed parties in the disposition of a vacant 1,830-square-foot gas station/repair shop, located at the entrance to the Queensboro Bridge, for $3.32 million. The Sunoco-branded gas station is situated on an approximately 9,200-square-foot footprint and is zoned for 18,400 square feet of commercial or retail development. In Bensonhurst, Brooklyn, MK’s Jeffrey Shalom represented the seller in the disposition of a two-story retail property, located at 2174 86th St., for $1.2 million. Zoning allows for an expansion of the first floor and an increased building height. The property traded at a price of $574.16 per square foot.

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