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EMP Capital Group Acquires Industrial Property In Crown Heights For $14M

Property Image
SOLD
$14,000,000

New York

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Industrial27,915 SF
Sold 04/12/2022
the dealdetailscomps
Property Image
SOLD

EMP Capital Group Acquires Industrial Property In Crown Heights For $14M

1035 Pacific Street, Brooklyn, New York 11238, United States

See Similar Deals
Industrial27,915 SF
Sold 04/12/2022
the dealdetailscomps

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$501
Total Square Footage:27,915 SF
Transaction Type:Sale

The industrial property located at 1035 Pacific Street & 1034-1042 Atlantic Avenue in Crown Heights has been sold for a total of $14,000,000. The property spans across 27,915 square feet, resulting in a price per square foot of $501. The sale took place on April 12, 2022, and the transaction involved the buyer, EMP Capital Group, and the seller, Cheung Ming Lee.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,000,000
  • Square Footage: 27,915 sqft
  • Price per Square Foot: $501
  • Address: 1035 Pacific Street & 1034-1042 Atlantic Avenue
  • Market: Crown Heights

EMP Capital Group, represented by their broker Elie Pariente, purchased the industrial property from Cheung Ming Lee. This transaction demonstrates a significant investment in the Crown Heights industrial market.

Players

EG
EMP Capital Group
BUYER

Details

SOLD
IMAGE: Elie Pariente DATE: 04/12/2022 ADDRESS: 1035 Pacific Street & 1034-1042 Atlantic Avenue MARKET: Crown Heights ASSET TYPE: Industrial BUYER: EMP Capital Group SELLER: Cheung Ming Lee SALE PRICE: $14,000,000 SF: 27,915 ~ PPSF: $501

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