Irv Glass Of Glass Gardens Acquires Mixed-Use Property In Borough Park For $40.6M

The mixed-use property located at 1080-118 McDonald Avenue in Borough Park, Brooklyn, spans 130,404 square feet and was sold for $40,600,000. This transaction highlights the asset's market positioning within the Borough Park area, which is currently occupied by a ShopRite.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $40,600,000
• Square Footage: 130,404
• Price per Square Foot: $311
• Buyer: Irv Glass - Glass Gardens
• Seller: Abraham Leser - Leser Group

Irv Glass, representing Glass Gardens, has acquired the property from Abraham Leser, who represented Leser Group in the transaction. This sale reflects strategic plans for the property by the buyer.