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Real Estate Weekly

On The Scene: 687 Madison Avenue, Greenpoint, Brooklyn

Published: 1/20/2016Source: Real Estate Weekly

Cushman & Wakefield announced the following sales:

A mixed-use building at 687 Manhattan Avenue, in Greenpoint, sold for $1,725,000. The two-story building contains approximately 1,200 s/f. The unit mix consists of two newly renovated, free market studio apartments and one commercial unit. One of the residential units was delivered vacant. The commercial ground space is currently occupied by a coffee shop leased through September 2021. The sale price equates to $1,438 psf. Brendan Maddigan exclusively represented the seller. The buyer was represented by Robert Millis of The Corcoran Group.

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