Massey Knakal broker Joseph Sitt, the exclusive agent on thesale, tells GlobeSt.com that the seller, Emmut Properties hopes toattract multifamily operators, but he did not disclose any reasonsfor selling. The paint is still drying, Sitt says, noting that thebuilding, located between avenues A and B, is a newconstruction.
The building, located three blocks from the subway, was builtenergy efficient in 2008. The units are broken down into 13studios, seven one-bedrooms, five two-bedrooms, one three-bedroomand seven community facility units. The property containsapproximately 32,870 sf.
Sitt notes that potential buyers will be attracted to the factthat the building is energy efficient "with individual PTAC[Packaged Terminal Air Conditioner] units, and will be virtuallymaintenance free."
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