Mary Lang Acquires Commercial Property In East New York, Brooklyn For $228.4M

The commercial property located at 554 Cozine Avenue, 578 Cozine Avenue, and 771 Montauk Ave in the East New York neighborhood of Brooklyn has been sold in a recent transaction. The property falls under the M1-1 zoning category and offers a total building square footage (BSF) of 216,000. The price for this asset was $228,447,600, resulting in a price per building square footage (PPBSF) of $1,057. The property spans over 211,460 square feet, with a price per square footage (PPSF) of $1,080.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $228,447,600
• Address: 554 Cozine Avenue, 578 Cozine Avenue, and 771 Montauk Ave
• Market: East New York, Brooklyn
• Zoning: M1-1
• Buyer: Mary Lang
• Seller: Adam I Gordon

Mary Lang has acquired the property from Adam I Gordon in this transaction. The deal was facilitated by Mary Lang's representative at their respective agency.