Kings Capital Acquires Mixed-Use Asset At 176 Atlantic Avenue, Brooklyn For $4.2M

An asset located at 176 Atlantic Avenue, in New York City's Cobble Hill neighborhood, has been sold for $4,200,000. This mixed-use property encompasses a total space of 6,160 square feet, with a price per square foot of $682. It consists of three residential apartments and two retail stores. The sale marks the first transaction of this property in over 100 years.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $4,200,000
• Address: 176 Atlantic Avenue
• Market: New York City
• Square Footage: 6,160
• Price Per Square Foot: $682
• Buyer: Kings Capital - Jeffrey Znaty & George Giannopoulos
• Seller: Ayoub Family

Kings Capital, represented by Jeffrey Znaty and George Giannopoulos, has completed this transaction as part of their ongoing strategy to pursue value-add opportunities in New York City, as well as garden-style apartment complexes in states such as Texas, Florida, Georgia, and the Carolinas. Interested parties are encouraged to reach out for potential collaboration through the provided email contact.