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Yuval Jacob Acquires Retail Property On Prospect Park West For $7M

Property Image
SOLD
$7,000,000
Mark Zarrella
Shaun Riney
+ 1

New York

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Retail4,156 SF
Sold 03/22/2024
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Property Image
SOLD

Yuval Jacob Acquires Retail Property On Prospect Park West For $7M

192 Prospect Park West

See Similar Deals
Retail4,156 SF
Sold 03/22/2024
Mark Zarrella
Shaun Riney
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,684
Total Square Footage:4,156 SF
Transaction Type:Sale

Located at 192 Prospect Park West in Park Slope, Brooklyn, this retail asset was recently sold for $7,000,000. Spanning 4,156 square feet, the property was acquired by Yuval Jacob from seller Abie Hidary of Hidrock Properties. The transaction was facilitated by Scott Plasky, Alexander Arustamian, Shaun Riney, and Mark Zarrella of Marcus & Millichap. The retail space, which boasts a price per square foot of $1,684, is a 2-tenant, 100% occupied establishment situated directly across from Prospect Park and in a prime location in front of the subway. A notable feature of the site is that it is anchored by a brand-new Chipotle.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Buyer: Yuval Jacob
  • Seller: Abie Hidary - Hidrock Properties
  • Brokers: Scott Plasky, Alexander Arustamian, Shaun Riney & Mark Zarrella - Marcus & Millichap
  • Address: 192 Prospect Park West
  • Market: Park Slope, Brooklyn
  • Square Footage: 4,156
  • Price per Square Foot: $1,684

The involvement of key individuals in the sale included Scott Plasky, Alexander Arustamian, Shaun Riney, and Mark Zarrella from Marcus & Millichap as the brokers representing the deal. Yuval Jacob emerged as the buyer in this transaction, while Abie Hidary, from Hidrock Properties, acted as the seller. Noteworthy aspects of the deal are the strategic location of the retail property directly in front of Prospect Park and the subway, making it a valuable investment for the parties involved.

Players

Mark Zarrella
38 deals$262.2M volume(718) 475-4376
BROKER

Scott Plasky
Marcus & Millichap
78 deals$406.4M volume(212) 430-5229
BROKER

Shaun Riney
Marcus & Millichap
357 deals$1.8B volume(718) 475-4369
BROKER

Alexander (Alex) Arustamian
Marcus & Millichap
24 deals$116M volume(212) 430-5276
BROKER

Details

SOLD
IMAGE: Scott Plasky, Alexander Arustamian, Shaun Riney & Mark Zarrella DATE: 03/22/2024 ADDRESS: 192 Prospect Park West MARKET: Park Slope, Brooklyn ASSET TYPE: Retail BUYER: Yuval Jacob SELLER: Abie Hidary - Hidrock Properties BROKERS: Scott Plasky (@PlaskyRetailGroup), Alexander Arustamian, Shaun Riney (@ShaunRiney1) & Mark Zarrella (@MarkZarrella) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,000,000 SF: 4,156 ~ PPSF: $1,684 NOTE FROM BROKER: 2-Tenant, 100% occupied retail directly in front of the subway and directly across from Prospect Park. The site was anchored by a brand-new Chipotle.

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