Today’s news:

8-family walk-up sold - St. John’s PL. sale

Massey Knakal Realty Services has sold an eight-family walk-up apartment building at 219 St. John’s Place in the Park Slope section of Brooklyn in an all-cash transaction valued at $1,850,000.

The property is located on St. John’s Place between Seventh and Eighth Avenues, steps from Grand Army Plaza and near the 2, 3, 4 and 5 subway lines.

Of the eight units, seven were delivered vacant. The property contains approximately 4,544 square feet, with an additional 501 square-feet of air rights.

The property sold for $407.13 per square foot to a Manhattan developer.

“Massey Knakal was pleased to obtain this price for the property, particularly given the difficulty of selling a condo conversion property with a tenant still remaining,” said Massey Knakal Broker Ken Freeman, who exclusively represented the seller. “Despite recent financing challenges, the condo market in Park Slope remains strong.”

Massey Knakal Realty Services and Elizabeth Rueckerl-Betteil of Prudential Douglas Elliman were the brokers in this transaction.

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