Stephen Palmese's 1Q13 Downtown Brooklyn Property Sales Report

As the leading advisor to property owners and investors in Brooklyn's commercial real estate arena, I would like to share with you my 2013 first quarter sales report for Downtown Brooklyn, as well as Massey Knakal's Brooklyn Property Sales Report. Some highlights of the first quarter:

• In the first quarter of 2013, the Brooklyn investment sales market saw 165 closed transactions with an aggregate value of $470M;
• The Downtown Brooklyn investment sales market saw 12 transactions with an aggregate value of $92M;
• The Brooklyn Navy Yard re-development;
• City Point - Phase II;
• Atlantic Yards - Phase I, Part II.

 For more information on each sale, including a full market recap, please click the following links:

Stephen Palmese's Downtown Brooklyn 1Q13 Property Sales Report

Massey Knakal's Brooklyn 1Q13 Property Sales Report

If you would like to discuss any of this information at length, or if you would like Massey Knakal to create a Complimentary Opinion of Value for any commercial property that you own, please do not hesitate to contact me, Stephen Palmese, at 718-606-7052 or spalmese@masseyknakal.com.