The Reel

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A blog for breaking sales and neighborhood real estate news.

Massey Knakal Realty Services has completed the sale of thirty-nine cooperative units in a  six-story elevator building at 3260 Netherland Avenue. The building is located between West 235th and West 232nd Streets in the Riverdale neighborhood of the Bronx. The units were sold in an all cash transaction valued at $2,650,000.

The thirty-nine units are located within a fifty-four unit building constructed in 1950. The package consists of twenty-four one-bedroom units, eleven two-bedroom units, and four studios representing a total net sellable square footage of 26,015. Of the sold units, twenty-five are Free Market and fourteen are Rent Stabilized. Seven of the Free Market units are currently vacant. The basement contains the super’s unit and a significant amount of free space that could be utilized for tenant ameni

Neighborhoods: Riverdale/ Agents: Karl Brumback