The Reel

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A blog for breaking sales and neighborhood real estate news.

Featured Closing: 1600 Central Avenue

9/30/2008 11:46:58 AM/ Kari Neering/ Closings

An immaculate five-story office building with one passenger elevator and one freight elevator located just minutes from the prestigious Five Towns area of Long Island sold to a Brooklyn investor.

building is currently 90% leased, and the seller will lease back the remaining space for 12 months upon closing. The property also has secure parking for 74 vehicles.

The Far Rockaway sale closed at $12,150,000.

Neighborhoods: The Rockaways