Sales Beat

Massey Knakal Arranges $8.9M Retail Sale Along Flatbush Avenue

357-365 Flatbush Avenue

Massey Knakal has arranged the $8.9 million sale of a 10,400-square-foot mixed-use building at 357-365 Flatbush Avenue, located between Sterling and Park Places in Brooklyn’s Prospect Heights neighborhood.

The new owner purchased the property as a retail play, with hopes of bringing in a major retailer in the vein of a CVS or Duane Reade—if not a fashion boutique Read More

On the Market

East Bushwick Development Site Could Be Catalyst for Change

800px-R160A_L_Train

A 105,000-square-foot development site surrounding the Weirfield Coal Company site at 386 Weirfield Street in East Bushwick is on the market for $8.5 million, creating an opportunity for a huge residential development in a neighborhood that is evidently next in line for the gentrification pushing south through northern Brooklyn along the L subway line.

It started with the Bedford stop in Williamsburg.  More recently it took hold along the Jefferson and Morgan Avenue stops in northern Bushwick.  Now “it’s just a matter of time” before changes grip the area surrounding the Halsey Street subway stop, said Massey Knakal Director of Sales Michael Amirkhanian, who is exclusively marketing the site.

“It doesn’t take a rocket scientist to see that this is moving further south,” he said. Read More