Israel Family Acquires Commercial Property In Gravesend, Brooklyn For $5.2M

A commercial property located at 470 Kings Highway in Gravesend, Brooklyn has been sold for a price of $5,175,000. The property has a total square footage of 10,250 and a price per square foot of $505. The transaction was facilitated by brokers Daniel O'Brien, Caroline Hodes, and George Giannopoulos from Cushman & Wakefield.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $5,175,000
• Address: 470 Kings Highway, Gravesend, Brooklyn
• Market: Gravesend, Brooklyn
• Square Footage: 10,250
• Price per Square Foot: $505
• Buyer: Israel Family
• Seller: Giannopoulos Family / Kings Capital
• Brokers: Daniel O'Brien, Caroline Hodes, and George Giannopoulos

The property transaction involved the Israel Family as the buyer and the Giannopoulos Family / Kings Capital as the seller. The deal was facilitated by brokers Daniel O'Brien, Caroline Hodes, and George Giannopoulos from Cushman & Wakefield. The commercial property, located at 470 Kings Highway in Gravesend, Brooklyn, spans a total of 10,250 square feet and was sold at a price of $5,175,000. The transaction showcases the active real estate market in Gravesend, Brooklyn.