A&H Acquisitions Acquires Retail Property In Bay Ridge For $14.1M From Seller Marc Gordon

The retail property located at 531 86th Street in Bay Ridge, with a zoning classification of C4-2A, BR, has been sold in a recent transaction. The property spans a total of 37,467 square feet and is classified as tax class 4. The lot size measures 181 feet by 100 feet. The sale took place on November 12, 2020, with a purchase price of $14,125,000. The price per square foot was $378, while the price per buildable square foot was $260. The transaction was facilitated by Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton, and Winfield Clifford from JLL New York.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,125,000
• Market: Bay Ridge
• Asset Type: Retail
• Zoning: C4-2A, BR
• Square Footage: 37,467 SF
• Price per Square Foot: $378
• Price per Buildable Square Foot: $260
• Tax Class: 4
• Lot Size: 181 ft x 100 ft

The buyer in this transaction was A&H Acquisitions, represented by Alex Adjmi. The seller was Marc Gordon, represented by E&P Associates. The involved brokers include Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton, and Winfield Clifford from JLL. The transaction marks an important milestone for all parties involved in the deal.