The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A mixed-use building at 1115 Manhattan Avenue, located on the corner of Manhattan Avenue and Clay Street in Brooklyn's Greenpoint neighborhood, was sold in an all cash transaction valued at $950,000.

The three-story brick building is approximately 6,750 square feet and sits on a 25' x 100' lot.  There is 2,125 square feet of retail space on the ground floor and two apartments above. The second and third floors suffered from fire damage and will require some repairs. The sale price equates to approximately $140 per square foot.

"There was a tremendous amount of interest in the property, mainly due to the growing popularity of Greenpoint and a price point of less than one million dollars," said Massey Knakal Director of Sales Mark Lively who exclusively handled this transaction with Director of Sales Brendan Maddigan. "In just one month of marketing the building, over fifty people toured the property, over two dozen offers were received and a closing occurred in a little over a week from the contract signing," added Maddigan.

Click here for press release

Neighborhoods: Greenpoint/ Agents: Mark Lively