Archive for the tag 'massey knakal'

Photo by Erica Sherman

It has been a rumor for as long as I’ve been alive that El Greco, the Sheepshead Bay staple, is for sale, sold, closing, moving, evaporating, burning, building, growing, shrinking and whatever else. Well, for once, one of those is actually true. El Greco, recently named one of the city’s best diners by Gothamist, has put the land it sits on up for sale.

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Photo by Erica Sherman

The building at 1201 Avenue Z, which for several years has been the home of Chicken Masters – a.k.a. Eat My Chicken – has sold for just under the $1.295 million asking price, Sheepshead Bites has learned.

The building went on the market in early January, and broker Brian Hanson of Massey Knakal Realty Services told us that the new owners plan to turn the fried chicken joint into a pharmacy.

So is this the end of independent fried chicken in Sheepshead Bay? Heck no! Vinnie Mazzone, who owned both the building and the business, said he’ll be relocating by June or July and will fill us in on the details then.

The following is a paid announcement from Massey Knakal Realty Services, a diversified real estate company, specializing exclusively in representing owners in the sale, retail lease or financing of their properties in the New York metro area.

Massey Knakal – NYC’s Top Building Sales Firm – seeks a full-time Associate to work in our Southern Brooklyn Property Sales Division.

An Associate works under the direction of our seasoned sales agent, Brian R. Hanson, and provides support within the Southern Brooklyn territory on his listings.  An Associate assists in all daily brokerage activities, learning the ins and outs of Commercial Real Estate, while undergoing training to develop sales skills and Real Estate knowledge.  The role is typically an 18-24 month program after which an Associate has the opportunity to transition to the next level of their career by taking over their own territory.

This position entails all facets of brokerage support including, feasibility analyses, studying market trends, handling marketing efforts on exclusive listings, and giving tours of buildings to prospective investors.  Preferred qualifications are: demonstrated ability in sales/business development, previous leadership/entrepreneurial roles and team-oriented disposition. Access to a car is preferred and proficiency in Russian and Chinese languages is helpful.

Massey Knakal will continue its growth allowing significant opportunities for advancement and leadership.  Please visit www.masseyknakal.com for a full position description, a company overview and to read about our Sales, Leasing, and Mortgage Brokerage services.

*Please send résumés to: Jasmine Mele, HR, @ jmele@masseyknakal.com.

The above is a paid announcement by Massey Knakal Realty Services. Sheepshead Bites has not verified the claims made in this advertisement. If you own a business and would like to announce a special offer to tens of thousands of locals, e-mail us at advertising [at] sheepsheadbites [dot] com.

I go to real estate companies all the time when I need a professional suit. When I need a casual suit, I go to a pharmacist. My zoot suits are ordered exclusively from cell phone stores.

Oh, 1702 Avenue Z, how I love you so. The incompetence of the various people around you never fails to provide content for me. Today it’s this sign for professional suits – surely you meant suites – but there’s a whole history of fumbles that leaves me bewildered… and amused.

Sure, most recently it was the “Whoops! We forgot to build a garage!” that led to some impromptu sidewalk destruction and the removal of freshly planted trees. But you were screwing up long before that. There was the time we got locked in during your not-so-open open house, and that was just the first run of the new realtors – Dreamlife. And, of course, we can’t forget how bigger brokers abandoned you after a botched deal caused a prospective tenant to call it quits.

Thanks for the latest laugh. We’re looking forward to your next boondoggle.

Photo taken May 24, 2011

Man, don’t you just hate it when a developers try to sell their residential units based on amenities that don’t exist?

That’s why every time I passed by 1702 Avenue Z (on the corner of East 17th Street) for the past year or so, my eyebrows raised. Dreamlife Realty, a mysterious broker that took over after bigger names abandoned the project, posted a sign in one of the upper windows advertising “Indoor Parking.”

To which I asked, “Where?!”

Keep reading to find out what’s going on here.

Is 1702 Avenue Z cursed? It could be, because what once was among Sheepshead Bay’s glitziest properties now has signs of a downhill turn.

First of all, it’s almost a year behind the completion date of the building and work is still being done on the interior of East 17th Street and Avenue Z. Things started to look up in August, as the commercial broker, Massey Knakal Realty Services, told us they were closing a deal with a group of local doctors to use the entire office/retail space as a medical center. Then, in November, the posh residential units hit the market under the elite Corcoran name, with asking prices of more than $800,000.

Now, just a measly three months later, all the big boys have pulled out. The deal with the doctors fell through, and Massey Knakal is no longer representing the building. Similarly, The Corcoran Group has pulled the listing from its website.

Click to see broker's sign

The entire development – commercial and residential – is now represented by the mysterious Dreamlife Realty, for which we can find little information. Their website is dated 2008 and is notably blank and sets off anti-virus alerts. Similarly, a Google search for the agent – Olga Orak – reveals little more than she represents a few McMansions out in New Jersey.

So what’s the deal? What has made two of New York City’s biggest brokers turn tail and run for the hills? And will Little Miss Dreamlife Realty have the pull to market such a high-priced, mixed-use development?

I guess what I’m asking is: are these ever going to sell, or does something smell fishy in Sheepshead Bay?

Condos in Sheepshead Bay - Ave Z and East 17th St

Construction workers removed the scaffolding around the glass-and-steel construct on Avenue Z and East 17th Street this morning, signaling an end to almost two years of work.

Sheepshead Bay Condos - Ave Z and East 17th StreetWorkers on the scene are now tearing up the sidewalks and preparing to pour new concrete. They say the sidewalk will be done within the next couple of days. With a few exceptions on the street level and on the roof, all exterior work appears to be complete, and the crew said the inside of the building was ready as well.

Still, there appears no sign from the building’s residential realtor – Corcoran Group – that they’ve started marketing the building. On the commercial side, the building’s representative, Massey Knakal Realty Services, said last month that they’re close to a deal with a group of local doctors for medical offices. The docs will take all the commercial units, which include a total of 15,700 square feet spread among the basement and first two floors.

Condos on Avenue Z and East 17th Street

The commercial units in the steel-and-glass building being constructed on Avenue Z and East 17th Street may soon be occupied by a group of local doctors for use as a medical center, said the building’s commercial realtor, Brian Hanson of Massey Knakal Realty Services.

A contract has not yet been signed, but Hanson said they’re very close to a deal. The unnamed doctors all have private practices in the area.

The commercial portion of the property includes the basement, ground floor, and second level, totaling more than 15,700 square feet. If all goes smoothly, Hanson expects to close the contract within three to six months.

Above the commercial portion stands 10 residential units on five floors. The residential section of the building is represented by The Corcoran Group, which has not yet started marketing the condos.

The Corcoran Group could not be reached for comment, but Hanson said he believed the condos are approximately 2,000 square feet each. Though he is not sure, Hanson said he believes Corcoran will start marketing the units after Labor Day. Because the Massey Knakal sign is the only one on the building, Hanson said he gets about five to seven calls a week regarding the properties, indicating high consumer interest.

Construction on the location started about a year and a half ago. No word yet on a completion date.


(Photo courtesy of Ray Johnson)

UPDATE: Massey Knakal’s Brian Hanson has told Sheepshead Bites that the buyer of the Courier Life building is a local investor and developer who has not yet decided what will be done with the building. “The new owner will look for the best way to lease the building,” he says. “Whether he will divide it into multiple spaces or leave it as one depends on the interest he receives from tenants.”

Hanson has also informed us that Courier Life is required to leave the building by Spring 2009, but acknowledges that the new owner will be flexible and allow them extra time if the company takes longer to secure a new office. That may not be necessary, though, as a source within Courier Life told Sheepshead Bites that the company will likely move shortly after the New Year.


The Courier Life building, home of the Bay News, has sold for $3.1 million after almost 11 months on the market. Courier Life has not announced the location of its new site, but rumors suggest it will be in downtown Brooklyn in the vicinity of the Metro Tech center, near Jay Street and Willoughby Street. Some, if not all, employees remain in the dark about when and where they will move.

The broker, Brian Hanson, director of sales for Massey Knakal Realty Services, says the deal closed last week, signaling that an end is near to the storied paper’s longtime presence in the Bay area. Located at 1733 Sheepshead Bay Road, the building went on sale last November as its owner, News Corporation, sought to consolidate all of its recently acquired New York local papers in one location. According to a Brooklyn View article, Courier Life’s lease was set to expire this summer.

(Original post published 09/05/08)

Bay News Building Sold!



(Photo courtesy of Ray Johnson)

(Note: this article has been updated here.)

The Courier Life building, home of the Bay News, has sold for $3.1 million after almost 11 months on the market. Courier Life has not announced the location of its new site, but rumors suggest it will be in downtown Brooklyn in the vicinity of the Metro Tech center, near Jay Street and Willoughby Street. Some, if not all, employees remain in the dark about when and where they will move.

The broker, Brian Hanson, director of sales for Massey Knakal Realty Services, says the deal closed last week, signaling that an end is near to the storied paper’s longtime presence in the Bay area. Located at 1733 Sheepshead Bay Road, the building went on sale last November as its owner, News Corporation, sought to consolidate all of its recently acquired New York local papers in one location. According to a Brooklyn View article, Courier Life’s lease was set to expire this summer.

More on the deal to come early next week.