Nightingale Properties Acquires Sunset Park Office Building For $84.1M

14 53rd St., a office property located in Sunset Park, Brooklyn, was recently sold in a closed transaction. The property, with a total square footage of 382,080, was sold for a price of $84,089,051, resulting in a price per square foot of $220. The previous sale of the property took place in August 2015, with a sale price of $82,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $84,089,051
• Address: 14 53rd St., Sunset Park, Brooklyn
• Market: Sunset Park, Brooklyn
• Zoning: M3-1
• Buyer: @Nightingale_Properties
• Seller: @MadisonRealtyCapital
• Last Sale Price: $82,500,000 (8/2015)

In this transaction, the buyer of 14 53rd St. was @Nightingale_Properties, while the seller was @MadisonRealtyCapital. It is worth noting that @MadisonRealtyCapital will retain a 25% stake in the property.