5/21/2009

Massey Knakal facilitates sale of New York multi-family

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Massey Knakal has helped sell a 12,915-square-foot apartment building in Flushing, N.Y., for $1.825 million.

Massey Knakal First Vice President of Sales Stephen R. Preuss represented both parties in the transaction.

Located at 143-28 Cherry Ave., the brick walk-up apartment building sits on the corner of Cherry Avenue and Smart Street in the heart of Flushing. The four-story building consists of 16 one-bedroom apartments and four studios, 19 of which are rent stabilized units. One unit is rent controlled. The building has No. 2 oil with a full basement, a newer roof and updated electric with circuit breakers. The property is located just blocks from downtown Flushing, Flushing Hospital, Van Wyck Expressway, LIE and public transportation.

Address: 143-28 Cherry Ave., Flushing, N.Y.

Size: 12,915 square feet

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Filed Under: Multi-Family

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