Sor-San Realty Corp Sells Industrial Property In Sheepshead Bay For $8.57M

An industrial property located at 100 Neptune Avenue in Sheepshead Bay has been sold for $8,570,000. The property spans 30,000 square feet, resulting in a price per square foot of $285. The sale was facilitated by Sor-San Realty Corp as the seller. The transaction took place on February 16, 2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,570,000
• Address: 100 Neptune Avenue
• Market: Sheepshead Bay

Jakub Nowak, Matt Rosenzweig, and Jonathan Codorniu from The Nowak Group, represented by Marcus & Millichap, acted as the brokers for the seller. David R. Lachtman, Esq. from Lachtman Cohen P.C. served as the seller's counsel in the deal.

The sale of the industrial property generated a competitive auction-like environment, overseen by Jakub Nowak, Matt Rosenzweig, Jonathan Codorniu, and David Lachtman. The property was listed at a price of $8,450,000, but the final sale price exceeded expectations, reaching $8,570,000. The transaction included no contingencies and had a quick closing process. For further information about the unique challenges involved in the sale of NYC industrial and commercial properties, interested parties can contact the team of experts at Marcus & Millichap: Jakub Nowak - 718 475 4353, Matt Rosenzweig - 718 475 4366, Jonathan Codorniu - 718 475 4311.