Massey Knakal Realty Services has sold an eight-family walk-up apartment building at 219 St. John’s Place in the Park Slope section of Brooklyn in an all-cash transaction valued at $1,850,000.
The property is located on St. John’s Place between Seventh and Eighth Avenues, steps from Grand Army Plaza and near the 2, 3, 4 and 5 subway lines.
Of the eight units, seven were delivered vacant. The property contains approximately 4,544 square feet, with an additional 501 square-feet of air rights.
The property sold for $407.13 per square foot to a Manhattan developer.
“Massey Knakal was pleased to obtain this price for the property, particularly given the difficulty of selling a condo conversion property with a tenant still remaining,” said Massey Knakal Broker Ken Freeman, who exclusively represented the seller. “Despite recent financing challenges, the condo market in Park Slope remains strong.”
Massey Knakal Realty Services and Elizabeth Rueckerl-Betteil of Prudential Douglas Elliman were the brokers in this transaction.
©2008 Community News Group
By submitting this comment, you agree to the following terms:
You agree that you, and not BrooklynDaily.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynDaily.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.