Gibraltar Management Acquires Park Slope Retail Property For $10.575M

The retail property located at 79-81 7th Avenue in Park Slope was recently sold for a total of $10,575,000. The transaction took place on September 14, 2022, and the property spans 5,100 square feet. The price per square foot for this sale was $2,073, reflecting the value of the property in the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,575,000
• Date: 09/14/2022
• Address: 79-81 7th Avenue
• Market: Park Slope
• Square Footage: 5,100
• Price per Square Foot: $2,073

The buyer of this property was Gibraltar Management represented by Joshua J. Grossman, while the seller was Renaissance Realty Group represented by David Chemtob. This transaction involved key individuals and companies in the real estate market.