Commerce Realty Group Sells Industrial Property In Cypress Hills For $1.26M

A property in Cypress Hills, located at 474 Hemlock Street, was recently sold in a transaction facilitated by Jacob Ashkenazie and Marc Richter of Commerce Realty Group. The industrial asset was sold for a price of $1,262,500.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $1,262,500
• BSF: 6,250
• PPBSF: $202
• SF: 4,900
• PPSF: $257
• Lot Size: 50 ft x 100 ft

The property on Hemlock Street spans approximately 4,900 square feet with a building size of 6,250 square feet, resulting in a price per square foot of $257. The lot size is 50 feet by 100 feet. Jacob Ashkenazie and Marc Richter from Commerce Realty Group represented the involved parties in the transaction.

It is worth noting that the seller is currently seeking immediate 1031 opportunities for reinvestment. For off-market deals or further information, interested parties can contact Jacob or Marc at 718-751-5799.