9/25/2007

Brooklyn apartment building fetches $12.4 million

by

483 Ocean Parkway

A six-story apartment building with 63 units covering almost 49,000 square feet at 483 Ocean Parkway in the Kensington section of Brooklyn, N.Y., sold for $12.4 million.

Massey Knakal Realty Services represented the sellers in the all cash transaction to an institutional buyer in Manhattan.

The building at 483 Ocean Parkway is nearly 40 years old and showcases a sixth floor duplex as well as two penthouse units and an underground parking garage.

Address: 483 Ocean Parkway, Brooklyn, N.Y.

Size: Six stories/49,000 square feet

Built: 1967

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Filed Under: Multi-Family

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