East Coast Acquisition Acquires Sheepshead Bay Retail Property For $27.65M

Located in the Sheepshead Bay market, the property at 3860 Nostrand Avenue was involved in a closed transaction. The retail asset, spanning 66,496 square feet, was sold for a price of $27,650,000. This translates to a price per square foot of $415. The buyer of the property was Elliot Sasson, representing East Coast Acquisition. On the other side of the deal, Acadia Realty Trust acted as the seller. The brokers involved in the transaction were Zach Mishaan, Jeff Fishman, and Andrew Jacobs, all from RKF.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $27,650,000
• Square Footage: 66,496
• Price per Square Foot: $415
• Address: 3860 Nostrand Avenue
• Market: Sheepshead Bay

The individuals and companies involved in this deal include Elliot Sasson, representing East Coast Acquisition as the buyer, and Acadia Realty Trust as the seller. The brokers, Zach Mishaan, Jeff Fishman, and Andrew Jacobs from RKF, facilitated the transaction.