BLDG Management Acquires Bensonhurst Retail Property For $28M

BLDG Management has acquired a retail property located at 65-02 18th Avenue in Bensonhurst. This property, with a total square footage of 26,000, was sold by Wharton Properties for a price of $28 million. The transaction resulted in a price per square foot of $1,077.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $28,000,000
• Address: 65-02 18th Avenue, Bensonhurst
• Market: Bensonhurst

Jeff Sutton, representing Wharton Properties, facilitated the sale of this retail property to BLDG Management, led by Lloyd Goldman. The transaction between the two parties occurred on May 16, 2023.