SOLD
Joel Jacob Acquires Retail Property In Georgetown For $5.65M
2102 Ralph Avenue
Commercial
11,820 SF
11,820 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Commercial
11,820 sqft
A retail property located at 2102 Ralph Ave. in Georgetown has been sold for $5,650,000. The property spans 11,926 square feet, resulting in a price per square foot of $473. The sale took place on May 26, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,650,000
- Address: 2102 Ralph Ave.
- Market: Georgetown
The buyer of the property was Joel Jacob. Representing the buyer in the deal was Baruch Edelkopf from Schuckman Realty INC. The seller was assisted by Schuckman Realty's Steven Hakakian and Matt Colantonio. The transaction also involved a bridge loan provided by David Samuels and Isaac Fried from Skybrook Capital.
The building was originally tenanted by Chase, Capital One, and Metro PCS By T-Mobile. Schuckman Realty's leasing and sales teams collaborated on the deal, with the leasing team generating interest from multiple national tenants. This led to the identification of a buyer who recognized the opportunity to reposition the vacant retail space.
For more information about leasing availabilities, interested parties can reach out to Baruch Edelkopf and Steven Hakakian.
A special thanks goes to David Samuels and Isaac Fried from Skybrook Capital for their assistance with the bridge loan.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Baruch Edelkopf, Steven Hakakian & Matt Colantonio
DATE: 05/26/2022
ADDRESS: 2102 Ralph Ave.
MARKET: Georgetown
ASSET TYPE: Retail
BUYER: Joel Jacob
BROKERS: Baruch Edelkopf (@Emh8212), Steven Hakakian (@StevenHakakian) & Matt Colantonio (@M_Cole8_) - Schuckman Realty INC (@SchuckmanRealty)
LENDER: David Samuels & Isaac Fried - Skybrook Capital
SALE PRICE: $5,650,000
SF: 11,926 ~ PPSF: $473
NOTE FROM @SchuckmanRealty: Schuckman Realty’s Steven Hakakian and Matt Colantonio represented the seller and Baruch Edelkopf represented the buyer in the deal. The building was originally tenanted by Chase, Capital One, and Metro PCS By T-Mobile. Schuckman Realty’s leasing and sales teams worked in conjunction on the deal. After the leasing team received interest from multiple national tenants, the investment sales channel was able to find a buyer who saw the opportunity in repositioning the vacant retail.
Please reach out to Baruch Edelkopf (@emh8212) & Steven Hakakian (@stevenhakakian) to discuss the leasing availabilities.
A special thanks to David Samuels and Isaac Fried From Skybrook Capital who provided the bridge loanView on map
Loading...
Address2102 Ralph Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want