Massey Knakal’s Special Asset Strategy Group (MKSAS) assists client with the sale of eight assets throughout the New York Metropolitan area with an aggregate sales value of $3,175,000.
The notable transactions were for non-performing loans as well as real estate owned assets, including:
A non-performing loan for a three-story mixed-use building at 66-87 Forest Avenue located in Ridgewood, New York was sold for $500,000. The building, which contains one commercial unit and two residential units, is approximately 4,256 square feet and sits on a 19’ x 102’ lot.
A bank-owned property located at 101-01 37th Avenue in Corona, New York was sold for $460,000. The two-story mixed-use building is approximately 3,600 square feet and sits on a 25’ x 100’ lot. There are two residential units and one commercial unit.
A non-performing loan for a three-story mixed-use building at 1116 Bedford Avenue located in Brooklyn, New York was sold for $290,000. The building, which contains two residential units and one commercial unit, is approximately 3,225 square feet and sits on a 22’ x 67’ lot.
MKSAS also completed the sale of four additional non-performing loans including the loan for 104-54 Roosevelt Avenue located in Corona, New York for $720,000, the loan for 232-250 South Fulton Avenue located in Mount Vernon, New York for $485,000, and the loan for 101 Guyon Avenue in Staten Island, New York for $295,000. In addition, a bank-owned mixed-use building was sold at 180 Jericho Turnpike in Mineola, New York for $275,000.
Massey Knakal’s Special Asset Strategy Group exclusively handled these transactions. To learn more about our Special Assets Services for loan and REO sales visit: www.masseyknakal.com or contact Daniel Hagan, Vice President of Special Assets, at 212.696.2500.
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Neighborhoods: Ridgewood, Bedford Stuyvesant, Corona, Suffolk County, Westchester County, Staten Island