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Theater sells for $4m
Real Estate Weekly, Sept 21, 2005
Massey Knakal Realty Services has sold a vacant movie theater at 6720 Fort Hamilton Parkway in the Bay Ridge section of Brooklyn in an all-cash transaction valued at $4,100,000.
The property is located at the corner of Fort Hamilton Parkway and 68th Street and has total of 27,333 buildable square feet available.
"The sale is indicative of the continuing development of Bay Ridge," said Massey Knakal Broker Phil Baffuto, who exclusively represented the seller with Broker Carlos Matos and Partner Tim King.
The property was purchased by a Brooklyn developer. Massey Knakal Realty Services was the sole broker in this transaction.
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