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Peggy Hung Chun Ma Acquires Retail Building From Wharton Properties And Midtown Equities In Clinton Hill For $9.4M

Property Image
SOLD
$9,400,000

New York

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Retail6,250 SF
Sold 04/26/2024
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Property Image
SOLD

Peggy Hung Chun Ma Acquires Retail Building From Wharton Properties And Midtown Equities In Clinton Hill For $9.4M

449 Myrtle Avenue

See Similar Deals
Retail6,250 SF
Sold 04/26/2024

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,504
Total Square Footage:6,250 SF
Transaction Type:Sale

A one-story retail building located at 449 Myrtle Avenue in Clinton Hill, Brooklyn, was sold for $9,400,000. The property spans 12,500 square feet and has a price per square foot of $752. The building was acquired by Peggy Hung Chun Ma's entity, 72nd Street-Broadway Realty Inc., from Wharton Properties and Midtown Equities, who operated through 449 Myrtle Owner LLC.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $9,400,000
  • Address: 449 Myrtle Avenue
  • Market: Clinton Hill, Brooklyn
  • Seller: Jeff Sutton - Wharton Properties & Michael Cayre - Midtown Equities
  • Buyer: Peggy Hung Chun Ma
  • BSF: 25,800 ~ PPBSF: $364

The sale of the retail building at 449 Myrtle Avenue in Clinton Hill involved Jeff Sutton representing Wharton Properties and Michael Cayre representing Midtown Equities as the sellers, while Peggy Hung Chun Ma acted as the buyer in this transaction.

Details

SOLD
IMAGE: Jeff Sutton DATE: 04/26/2024 ADDRESS: 449 Myrtle Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Retail BUYER: Peggy Hung Chun Ma SELLER: Jeff Sutton - Wharton Properties & Michael Cayre - Midtown Equities SALE PRICE: $9,400,000 BSF: 25,800 ~ PPBSF: $364 SF: 12,500 ~ PPSF: $752 NOTE: Wharton Properties and Midtown Equities, operating through 449 Myrtle Owner LLC, transferred ownership of a one-story retail building at 449 Myrtle Avenue in Clinton Hill, Brooklyn, to Peggy Hung Chun Ma's entity 72nd Street-Broadway Realty Inc.

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