The retail asset located at 1226 Kings Highway in Brooklyn has been sold for a total transaction price of $3,500,000. The property encompasses a square footage of 4,613, resulting in a price per square foot of $758.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Buyer: Guarden Khan
• Seller: Jeff Sutton & Joseph Sutton - Wharton Properties
• Broker: Jack Sardar & Frederick Betesh - Tri State Commercial Realty
• Sale Date: 02/05/2025

The broker team comprising Frederick Betesh and Jack Sardar from Tri-State Commercial Realty managed a year-long negotiation process for this transaction, culminating in a successful deal with an end-user buyer. Their efforts resulted in a record-setting sale on the block.