Massey Knakal Realty Services was the sole broker in thistransaction. Broker Tom Donovan of the firm tells GlobeSt.com thatthe seller, Dennis Novick, wanted to sell because of the "greatmarket," and to "consolidate his business to Brooklyn."

|

Donovan tells GlobeSt.com that there was "extraordinary"interest in the property. The buyer, he reveals, is a partnershipbetween Steven Werther and Winka Dubbeldam. "The sell price wasless than 8% of asking but $250,000 over the reconciled value," hesays.

|

The property, which was entirely one-story before it wasrenovated with a two-story extension, is located on the southwestcorner of Hubert and Collister Streets. It contains approximately9,923 sf including mezzanine space on the ground floor andprofessional offices on the second and third floors. Additionally,the third floor boasts a gym, classroom and a steambath/shower.

|

"The building has been completely renovated," says former MasseyKnakal broker Peter DeCheser, in a prepared release. "The extensionwas built full on the eastern side of the property, and there aretwo double-wide bays on the Hubert Street side for loading."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.