Century 21 Inc. Acquires Bay Ridge Retail Property For $14.25M From Seller Aldricht Stores - Stuart Albee

A property transaction recently took place at 448 & 460 86th Street in Bay Ridge, Brooklyn. The property is a retail space with a total area of 16,000 square feet, located in a C4-2A, BR zoning area. The transaction was a sale, with a sale price of $14,250,000 and a price per square foot of $890. The buyer of the property was Century 21 Inc., while the seller was Aldricht Stores, represented by Stuart Albee. Ezra Saff from Retail Zone LLC acted as the broker in the deal. The property's tax class is 4.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $14,250,000
• Address: 448 & 460 86th Street, Bay Ridge, Brooklyn
• Market: Bay Ridge, Brooklyn
• Asset Type: Retail
• Zoning: C4-2A, BR
• Buyer: Century 21 Inc.
• Seller: Aldricht Stores - Stuart Albee
• Broker: Ezra Saff - Retail Zone LLC
• Square Footage: 16,000
• Price per Square Foot: $890
• Tax Class: 4

It is interesting to note the significant sale price for this retail property, which demonstrates the value and potential of the Bay Ridge, Brooklyn market. This transaction highlights the involvement of key individuals and companies, including Century 21 Inc. as the buyer, Aldricht Stores represented by Stuart Albee as the seller, and Ezra Saff from Retail Zone LLC as the broker. These individuals played crucial roles in facilitating the successful sale of the property.