Jeff Krasnoff Of Rialto Capital Management And Stephen A. Schwarzman Of Blackstone Acquire Condo From Jeff Sutton For $8.57M In Brooklyn Heights

A retail condo was sold at 160 Montague Street in Brooklyn Heights, Brooklyn, for a total sale price of $8,566,885. The property spans 2,491 square feet, equating to a price per square foot of $3,439. The acquisition represents an important transaction in the market, completed via a credit bid.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $8,566,885
• Buyer: Jeff Krasnoff - Rialto Capital Management
• Buyer: Stephen A. Schwarzman - Blackstone
• Seller: Jeff Sutton - Wharton Properties
• Square Footage: 2,491
• Price per Square Foot: $3,439

The deal involved notable figures in the real estate industry, with Jeff Krasnoff and Stephen A. Schwarzman representing prominent investment firms, Rialto Capital Management and Blackstone, respectively. Jeff Sutton is associated with Wharton Properties, the seller in this transaction.