The Abed Family Acquires Retail Property At 423 88th Street Brooklyn For $28M

The property asset involved in this transaction is located at 423 88th Street in Brooklyn. It is classified as a retail asset with a total square footage of 182,071 and was sold for $28,000,000, resulting in a price per square foot of $153.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $28,000,000
• Address: 423 88th Street
• Market: Brooklyn
• Square Footage: 182,071
• Price Per Square Foot: $153
• Buyer: The Abed Family
• Seller: ASG Equities
• Buyer's Representative: Michael Feratovic & Chris Chris Giacalone - Specialized Realty Group LLC
• Seller's Representative: Ethan Stanton, Jeffrey Julien, Brendan Maddigan & Michael Mazzara - JLL

This transaction was facilitated by the respective representatives from both the buyer's and seller's sides. Michael Feratovic and Chris Chris Giacalone represented the interests of The Abed Family, while the seller, ASG Equities, was represented by Ethan Stanton, Jeffrey Julien, Brendan Maddigan, and Michael Mazzara from JLL.