Investmates Acquires Retail Property In Brooklyn From Pascal Zaugg For $26 Million

The property asset involved in the transaction is a retail space located at 150 Green Street in Brooklyn. The sale price for this asset was $26,000,000, encompassing a total square footage of 7,000, which equates to a price per square foot of $3,714.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $26,000,000
• Address: 150 Green Street
• Market: Brooklyn
• Square Footage: 7,000
• Price Per Square Foot: $3,714
• Buyer: Investmates
• Seller: Pascal Zaugg
• Seller's Representative: Daniel Kaplan - CBRE

This transaction will see the property developed into a high-end residential site. The buyer Investmates acquired the asset from seller Pascal Zaugg, with the deal facilitated by Daniel Kaplan from CBRE representing the seller.