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


Donovan tells 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."

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, 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 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 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,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.