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Gastroenterology Associates Of Brooklyn Acquires Mixed-Use Properties From Robert Spitalnick For $10M

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SOLD
$8,500,000

New York

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Mixed-use31,100 SF
Sold 04/16/2025
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Property Image
SOLD

Gastroenterology Associates Of Brooklyn Acquires Mixed-Use Properties From Robert Spitalnick For $10M

8622 Bay Parkway

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Mixed-use31,100 SF
Sold 04/16/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$273
Total Square Footage:31,100 SF
Transaction Type:Sale

The transaction involved two adjacent properties located at 8622 Bay Parkway and 15 Bay 29th Street in Bath Beach, Brooklyn. The properties comprise a mixed-use building with a total square footage of 31,100. The buyer, Gastroenterology Associates of Brooklyn, acquired the properties for a total sale price of $10,000,000, with the mixed-use building at 8622 Bay Parkway being sold for $8.5 million.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,000,000
  • Buyer: Gastroenterology Associates of Brooklyn
  • Seller: Robert Spitalnick - Birchwood Properties
  • Sale Price of 8622 Bay Parkway: $8,500,000
  • Square Footage: 31,100
  • Price per Square Foot: $273
  • Market: Bath Beach, Brooklyn

Robert Spitalnick, representing Birchwood Properties, facilitated the sale to Gastroenterology Associates of Brooklyn. This transaction reflects a strategic acquisition for the buyer within the Brooklyn market.

Players

RS
Robert Spitalnick
2 deals$17.1M volume
SELLER

Details

SOLD
IMAGE: Robert Spitalnick DATE: 04/16/2025 ADDRESS: 8622 Bay Parkway & 15 Bay 29th Street MARKET: Bath Beach, Brooklyn ASSET TYPE: Mixed-use BUYER: Gastroenterology Associates of Brooklyn SELLER: Robert Spitalnick - Birchwood Properties SALE PRICE: $10,000,000 SF: 31,100 ~ PPSF: $273 NOTE: Gastroenterology Associates of Brooklyn paid $10M to Birchwood Properties for two adjacent properties in Bath Beach, Brooklyn, including a 31,100 sq ft mixed-use building at 8622 Bay Parkway for $8.5M.

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