Great City LLC Acquires Bensonhurst Retail Property From Chung Kon Im & Song Hui Im For $2.7M

The retail property located at 7502 New Utrecht Ave in Bensonhurst has been sold in a recent transaction. The property consists of three units and spans across 5,385 square feet. The sale took place on July 19, 2021, with a sale price of $2,700,000. This translates to a price per square foot of $501. The previous sale of the property was recorded in April 2003, with a sale price of $650,000.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,700,000
• Units: 3
• Market: Bensonhurst

The buyer of this property is Great City LLC, represented by The Wong Family. The seller is Chung Kon Im and Song Hui Im. The transaction was facilitated by multiple brokers, including Roy Chou, Seannos Jung, Josh Pomerantz, and Roni Soleimani from SPCapitalGroup.

It is worth noting that this sale was negotiated during the pandemic in an off-market transaction. The seller, who had owned the property for almost 20 years, decided to sell. For further inquiries regarding similar property acquisitions or sales, please contact Seannos Jung at (347)746-2897 or via email at [email protected].