Retail Building Sold For $2.25M In Coney Island Represented By Baruch Edelkopf & Matthew Colantonio

The property involved in this transaction is a vacant retail building located at 1045 Surf Avenue in Brooklyn, New York. The asset spans 4,000 square feet and was sold for $2,250,000, which equates to $562 per square foot. The building is situated in Coney Island, between West 12th and West 8th Streets, directly across from the proposed Coney Island casino, hotel, and conference center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,250,000
• Square Footage: 4,000
• Price per Square Foot: $562
• Address: 1045 Surf Avenue
• Market: Brooklyn

Baruch Edelkopf and Matthew Colantonio from Schuckman Realty Investment Sales represented the transaction, leading a successful marketing process that attracted multiple offers from value-add retail buyers. Their efforts culminated in securing a strong offer from a local buyer.