Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate related debt financing and equity investments, has acquired a mixed-use property located at 240 Flatbush Avenue in Park Slope, Brooklyn. The property was purchased for a sale price of $4,500,000 on January 20, 2022. The asset spans a total of 4,968 square feet, resulting in a price per square foot of $905. The transaction represents a 5.3% capitalization rate based on the in-place income.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,500,000
• Address: 240 Flatbush Avenue, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Buyer: Derby Copeland Capital
• Seller: Ironstone Partners
• Brokers: Shaun Riney, Andrew Bronsteen, and Mark Zarrella - Marcus & Millichap
• Square Footage: 4,968
• Price per Square Foot: $905

Derby Copeland Capital acquired the property all cash from a long-term family ownership group. For any loan, preferred equity, or equity opportunities, please contact Derby Copeland Capital at [email protected].