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.
[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."
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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