A development site straddling the border between Queens and Brooklyn sold this week, but that’s where the answers end and the questions begin. Renald Properties sold a seven-lot assemblage at the intersection of Myrtle and Wyckoff avenues for $37 million, Crain’s reported. The 71,000-square-foot site is technically in Ridgewood, but is nearly adjacent to Bushwick. The buyer was not revealed, but the price point represented one of the year’s biggest deals in the area, according to the transaction brokers. The site comprises 21 retail businesses, including an autobody shop, a department store and a McDonald’s. The buyer would need to […]
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