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

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SOLD
$7,750,000

New York

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Commercial6,497 SF
Sold 05/13/2022
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Property Image
SOLD

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

184 Sterling Place, Brooklyn, New York 11217, United States

See Similar Deals
Commercial6,497 SF
Sold 05/13/2022
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$1,192
Total Square Footage:6,497 SF
Transaction Type:Sale

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].

Players

Edward (Eddie) Setton
55 deals$251.4M volume
BROKER

Adam J Hess
Sterling Property Group NY
57 deals$251.4M volume
BROKER

Vincent Theurer
5 deals$23.1M volume
BUYER

Sugar Hill Capital Partners
SELLER

Details

SOLD
IMAGE: Adam J. Hess, Edward Setton & Vincent Theurer DATE: 05/13/2022 ADDRESS: 184 Sterling Place MARKET: Park Slope ASSET TYPE: Retail BUYER: Approved Oil - Vincent Theurer SELLER: Sugar Hill Capital Partners BROKERS: Adam J. Hess (@TeamHessBK) & Edward Setton - Meridian Capital Group (@MeridianCapitalGroup) SALE PRICE: $7,750,000 SF: 6,511 ~ PPSF: $1,190 NOTE FROM BROKER: We are pleased to announce the sale of 184 Sterling Place, a rarely available NN leased building on a prime Flatbush Avenue corner straddling the and neighborhoods. If you are interested in buying or selling similar assets in NYC, please contact Adam J. Hess [email protected] or Eddie Setton at [email protected]

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