Peggy Ma Buys Retail Property From Joe Sutton For $9.38M In Clinton Hill

A 6,250 square foot single-story retail building located at 449 Myrtle Avenue in Clinton Hill, Brooklyn was recently sold for $9,382,000. The asset type is designated as Retail, and the property boasts a price per square foot of $1,501. The transaction involved a 10-year NN lease with Bank of America in place and offers 29,000 buildable square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,382,000
• Address: 449 Myrtle Avenue
• Market: Clinton Hill, Brooklyn
• Buyer: Peggy Ma
• Seller: Joe Sutton - Wharton Properties
• Brokers: Scott Plasky & Alexander Arustamian - Marcus & Millichap; Oliver Han - Compass

The deal's key individuals and companies include Peggy Ma as the buyer and Joe Sutton representing Wharton Properties as the seller. Brokers involved in the transaction were Scott Plasky and Alexander Arustamian from Marcus & Millichap and Oliver Han from Compass. Scott Plasky, Alexander Arustamian, and Oliver Han facilitated the sale of this notable retail property.