BLDG Management Acquires Retail Property In Brooklyn For $17.25M

The property at 2076-2084 86th Street in Brooklyn has been sold in a transaction that closed on May 20, 2021. The asset is a retail building with a total area of 7,806 square feet. The property is zoned as C4-2.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,250,000
• Address: 2076-2084 86th Street, Brooklyn
• Market: Brooklyn

BLDG Management, represented by Lloyd Goldman, acquired the property from Wharton Properties, represented by Jeff Sutton and Joseph Sutton. The buyer's broker was Chris Sheldon, Jordan Sutton, Robert Shapiro, and Andreas Efthymiou from CushWake and TeamShapiroBuildingSales. The seller was represented by the same brokers.

The property has two tenants: Chipotle and Bank of America. Both tenants have signed brand new 15-year net leases in the recently renovated building.

For more information about this property or similar opportunities, interested parties can contact the listing brokers.