The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A development site at 2439-45 86th Street, located between 24th and 25th Avenues in Brooklyn's Bensonhurst neighborhood, was sold in an all cash transaction valued at $1,650,000.

This 10,000 square foot site is currently a parking lot. It was purchased by a commercial developer who plans on creating a one-story retail building on the site.

"The sale price of $165 per buildable square foot reflects a renewed optimism for retail on the 86th Street retail corridor," said Massey Knakal First Vice President of Sales Jeffrey A. Shalom who exclusively handled this transaction along with Associate Mendy Inglis.

Click here for press release

Neighborhoods: Bensonhurst/ Agents: Jeffrey Shalom