Massey Knakal Releases Third Quarter Sales Info

Massey Knakal released its third quarter market report for New York. On a larger scope, there’s been a 40 percent increase in New York City-area property sales since last year. Here are the Brooklyn details: 691 transactions have occurred this quarter, an increase from last year; 859 properties sold, an increase of 47 percent from 2011 on an annualized basis; and the aggregate sales consideration throughout the entire year was 110 percent higher than last year. Massey Knakal also announced they took over leasing at 112 Montague Street, the old Starbucks space. Brooklyn Heights Blog recently wondered what was up with the space, now empty for almost five months.