A&H Acquisitions Acquires Sunset Park Retail Property For $3.2M

The retail property located at 5304-5308 5th Avenue in Sunset Park was recently sold for $3,200,000. Spanning a total area of 5,000 square feet, the property was purchased by A&H Acquisitions, represented by Alex Adjmi from Metropolitan Skyline Realty. The seller, The Kearney Family Trust, was represented by Stephen Palmese from JLL. The transaction took place on November 25, 2020.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,200,000
• Address: 5304-5308 5th Avenue
• Market: Sunset Park
• Buyer: A&H Acquisitions - Alex Adjmi
• Seller: The Kearney Family Trust
• Buyer's Representative: Allie Beyda - Metropolitan Skyline Realty
• Seller's Representative: Stephen Palmese @JLL
• Square Footage: 5,000
• Price per Square Foot: $640
• Zoning: C4-3A

Allie Beyda from Metropolitan Skyline Realty and Stephen Palmese from JLL played crucial roles in facilitating this transaction. The buyer's representative, Allie Beyda, provided valuable assistance to A&H Acquisitions during the negotiation process. On the other hand, the seller's representative, Stephen Palmese, ensured a smooth transaction on behalf of The Kearney Family Trust.