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

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.