Approved Oil Acquires Retail Asset In Park Slope For $7.75M

184 Sterling Place, located in the Park Slope market, has been sold for a price of $7,750,000. This retail property spans across 6,511 square feet and has a price per square foot of $1,190. The transaction took place on May 13, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,750,000
• Address: 184 Sterling Place
• Market: Park Slope
• Square Footage: 6,511
• Price per Square Foot: $1,190

The buyer, Approved Oil, was represented by Vincent Theurer. The seller in this transaction was Sugar Hill Capital Partners. The deal was facilitated by Adam J. Hess and Edward Setton of Meridian Capital Group.

Adam J. Hess and Edward Setton from Meridian Capital Group, who represented the buyer and seller respectively, are pleased to announce the sale of 184 Sterling Place. This property is a rarely available NN leased building situated on a prime Flatbush Avenue corner, straddling the Park Slope and neighboring areas.

If you are interested in buying or selling similar assets in NYC, please contact Adam J. Hess at [email protected] or Eddie Setton at [email protected].