Jared Rich Acquires Retail Property At 160 Montague Street Brooklyn For $1.5M

The property involved in the transaction is a retail asset located at 160 Montague Street, Brooklyn. The sale was completed at a transaction amount of $1,500,000, with a total square footage of 1,400. The price per square foot was established at $1,071.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,500,000
• Address: 160 Montague Street, Brooklyn
• Square Footage: 1,400
• Price Per Square Foot: $1,071
• Buyer: Jared Rich
• Seller: Albert Picallo
• Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou & Kevin Louie - Ripco

The transaction was facilitated by brokers Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie, who are representatives from Ripco. Their involvement highlights the expertise and negotiation efforts that contributed to the successful completion of the sale.