Benjamin Tran Acquires Retail Condo At 280 Atlantic Avenue In Brooklyn For $2.12M

A 1,520 square foot retail condo located at 280 Atlantic Avenue, Brooklyn, was sold for $2,118,000. The property, situated at the base of a new construction condo building in Cobble Hill, was fully occupied by Sugared + Bronzed, a national retailer known for its 39 locations across the country. The tenant had a 10-year lease that runs through 2033 with 3% annual increases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,118,000
• Square Footage: 2,300
• Price Per Square Foot: $920
• Buyer: Benjamin Tran
• Seller: RW Real Estate Group
• Buyer's Representative: Erion Ahmetaj & Ergin Ahmetaj - Compass
• Seller's Representatives: Scott Plasky & Alexander Arustamian - Marcus & Millichap

This transaction involved key representatives including Erion Ahmetaj and Ergin Ahmetaj from Compass as the buyer's representatives and Scott Plasky along with Alexander Arustamian from Marcus & Millichap representing the seller. The deal highlights the strategic location of the retail space within a new residential development and the long-term commitment of the tenant.