Crown Acquisitions & Gindi Capital Acquire Retail Asset At 490 Fulton Street For $70 Million

The property asset involved in the transaction is a retail space located at 490 Fulton Street in Brooklyn. The sale was completed for a total of $70,000,000, encompassing a total area of 113,000 square feet, which equates to a price per square foot of $619.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $70,000,000
• Address: 490 Fulton Street
• Market: Brooklyn
• Square Footage: 113,000
• Price Per Square Foot: $619
• Buyer: Crown Acquisitions & Gindi Capital
• Seller: PIMCO
• Brokers: Doug Middleton, Rachel Humphrey, Roland Merchant Jr & Daniel Kaplan - CBRE

The transaction involved key participants including Crown Acquisitions and Gindi Capital as the buyers, while PIMCO acted as the seller. The brokerage team from CBRE included Doug Middleton, Rachel Humphrey, Roland Merchant Jr, and Daniel Kaplan, who represented the parties in the deal.