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.
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