Chinese-American Planning Council Purchases Office Building In Sunset Park Brooklyn For $7.6M

The property asset involved in this transaction is an office building located at 4101 8th Avenue in Sunset Park, Brooklyn. The sale transaction occurred for a price of $7,600,000, encompassing an area of 19,200 square feet, which equates to a price per square foot of $396.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,600,000
• Address: 4101 8th Avenue
• Market: Sunset Park, Brooklyn
• Square Footage: 19,200
• Price Per Square Foot: $396
• Buyer: Chinese-American Planning Council
• Seller: Royal Business Bank

The deal involved the Chinese-American Planning Council as the buyer, who plans for owner occupancy of the property. The seller in this transaction was Royal Business Bank, which completed the sale of the office building through this transaction.