Jack Terzi Acquires Greenpoint Retail Condo On Manhattan Avenue

The retail condo located at 807 Manhattan Avenue in New York City's Greenpoint/BK market has been sold for a price of $10,050,000. The property, a historic stone building featuring neoclassical architecture, encompasses 15,000 square feet of interior space. With a price per square foot of $670, this retail condo offers a lucrative investment opportunity.

Summary of Transaction Details

• Property Type: Retail Condo
• Transaction Amount: $10,050,000
• Square Footage: 15,000
• Address: 807 Manhattan Avenue, New York
• Market: Greenpoint/BK

Jack Terzi has acquired the property from Margate Atlantic Properties. The deal was facilitated by the brokers Dan Kaplan and Justin Arzi from CBRE. It is worth noting that Capital One has a long-term lease for the entire 15,000 square feet of interior space in this historic building. They operate a retail bank branch at this location.