Sunoco Retail LLC Acquires Retail Asset In Bay Ridge, Brooklyn For $4.8M

The retail asset located at 579 92nd Street in Bay Ridge, Brooklyn, was sold for $4.8 million. The property spans 1,293 square feet, resulting in a price per square foot of $3,712. The buyer, Vincent Record of Sunoco Retail LLC, acquired the asset from sellers Bernadette L. Feeney and James J. Mannix Jr of the Mannix family.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,800,000
• Address: 579 92nd Street
• Market: Bay Ridge, Brooklyn
• Buyer: Vincent Record - Sunoco Retail LLC
• Seller: Bernadette L. Feeney & James J. Mannix Jr - Mannix family
• Building Square Footage: 1,293
• Price per Square Foot: $3,712
• Price per Buildable Square Foot: $442

Sunoco Retail LLC, led by Vincent Record, made their third investment in New York City within two years by acquiring the gas station parcel at 579 92nd Street in Bay Ridge, Brooklyn. The Mannix family, represented by Bernadette L. Feeney and James J. Mannix Jr, sold the property for $4.8 million in this transaction.