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Meridian Properties Acquires Mixed-Use Property In Fort Hamilton, Brooklyn For $13.8M

Property Image
SOLD
$13,800,000

New York

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Mixed-use60,822 SF
Sold 06/29/2021
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Property Image
SOLD

Meridian Properties Acquires Mixed-Use Property In Fort Hamilton, Brooklyn For $13.8M

9949 Shore Road, Brooklyn, NY, USA

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Mixed-use60,822 SF
Sold 06/29/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$226
Total Square Footage:60,822 SF
Transaction Type:Sale

The mixed-use property located at 9949 Shore Road in Fort Hamilton, Brooklyn was recently sold in a closed transaction on June 29, 2021. The property, with a total square footage of 60,822, was sold for a price of $13,800,000, resulting in a price per square foot of $226. The lot size measures 13,031 square feet, with dimensions of 109.42 ft x 123.5 ft. The property had previously undergone an alteration type 2 permit on November 15, 2017.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $13,800,000
  • Square Footage: 60,822
  • Address: 9949 Shore Road, Fort Hamilton, Brooklyn
  • Market: Fort Hamilton, Brooklyn

The buyer of the property is Meridian Properties, represented by Michael B Niamonitakis. The seller is The Estate of Amelia & Christine Raymond Martin. The transaction involved a significant investment amount and showcases the demand for mixed-use properties in Fort Hamilton, Brooklyn.

Players

MN
10 deals$110.8M volume
BUYER

SELLER

Details

SOLD
IMAGE: 06/29/2021 ADDRESS: 9949 Shore Road MARKET: Fort Hamilton, Brooklyn ASSET TYPE: Mixed-use BUYER: Meridian Properties - Michael B Niamonitakis SELLER: The Estate of Amelia & Christine Raymond Martin PRICE: $13,800,000 SF: 60,822 ~ PPSF: $226 LOT SIZE: 13,031 PERMITS: Alteration type 2 (11/15/2017) LOT DIMENSIONS: 109.42 ft x 123.5 ft

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