Transition Acquisitions Acquires Office Property In Bushwick, Brooklyn For $44M

The property involved in this transaction is an office located at 1300 Flushing Ave in Bushwick, Brooklyn. The sale took place on June 16, 2020, with a total transaction amount of $44,000,000. The property spans 105,000 square feet, resulting in a price per square foot of $419.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,000,000
• Address: 1300 Flushing Ave
• Market: Bushwick, Brooklyn

The seller in this deal was Alcion Ventures, represented by Eugene DelFavero. The buyer was Transition Acquisitions, represented by Mordechai Getz. The brokers involved in the transaction were Adam Spies, Dan OBrien, Kevin Donner, and Adam Doneger.