New Empire Corp Sells Record-Breaking Flatbush Condo For $73.2M

567 Ocean Avenue, located in the Flatbush market, has been sold in a closed transaction. This condominium property, developed by New Empire Corp, was recently sold for a price of $73,200,000. The property spans across 93,142 square feet, resulting in a price per square foot of $786.

Summary of Transaction Details:

• Property Type: Condo
• Transaction Amount: $73,200,000
• Square Footage: 93,142
• Price per Square Foot: $786
• Date: 01/27/2023
• Address: 567 Ocean Avenue
• Market: Flatbush

This successful sale was facilitated by a team of brokers from Nest Seekers International. Michael Bethoney, Michael DeSena, and Marina Kote (Rinaa.Ko) worked together to ensure the completion of this transaction. They have previously collaborated on the sellout of Neighborly in Long Island City, making this their second record-breaking partnership.

567 Ocean Avenue holds the distinction of being the best-selling building in Brooklyn in 2021. The development broke several records for price per square foot and total sales price for 1-bedroom, 2-bedroom, and 3-bedroom apartments. The project, located in Flatbush, Brooklyn, remains a testament to the collaborative efforts of both the sales team and the developer.

Congratulations to Bentley Zhao of New Empire Corp on another successful and transformative project. The sales team led by Michael Bethoney, with support from Michael DeSena and Marina Kote, take great pride in their role in the sellout of 567 Ocean Avenue. Special thanks to Emily Zhu for her contributions to this achievement.