Jason Maier, Massey Knakal broker and exclusive agent on thesale, tells Globest.com that the sellers are the children of theoriginal owner of G & Sons department store—the Bausk FamilyTrust. The eldest daughter, Gittel Bausk is the primary trustee forthe property.

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[IMGCAP(2)]Maier explains that after G & Sons went out ofbusiness National Wholesale Liquidators took over the site and "hada pretty good 10-year run with a NNN lease on the building." Butdue to a change in legislation under the Americans withDisabilities Act, Maier says, NWL was forced to bring all of itcurrent stores up to code and was forced to shutter a few locations"and 4802-4822 New Utrecht Ave. was one of them."

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He continues that the property "has now been vacant since 2006and was locked up by a failed investor who tied the property up andfailed to close. Now Massey Knakal has the listing and will befocused on exposing the property to all the national retailers,investors, developers and beyond."

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Maier expects to see all kinds of interest in the property."There will be investors and developers of all kinds looking at theproperty from every aspect of refurbishment to redevelopment," hesays. "We have received calls from grocery stores and majordiscount store operator's--national and local. We have also seenmany new schools built in the area over the last seven years andthis site could easily suit that type of use as well."

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Maier says that "the sheer size and scope of the property giveany owner, user or developer one of the rarest opportunities inBoro Park. The building is also ideally located, he says. "Everyinterested party I have spoken to thus far understands that this isa one of a kind opportunity; there just is not product of this sizeand scope in such close proximity to the 13th Avenue shoppingdistrict and train stations."

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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.