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

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.