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Joshua Grossman Acquires Retail Property In Park Slope, Brooklyn For $10.58M

Property Image
SOLD
$10,575,000
Alexander (Alex) Arustamian
Scott Plasky
JG

New York

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Retail5,123 SF
Sold 09/14/2022
the dealplayerscompscontact
Property Image
SOLD

Joshua Grossman Acquires Retail Property In Park Slope, Brooklyn For $10.58M

81 7th Avenue, Brooklyn, New York 11217, United States

See Similar Deals
Retail5,123 SF
Sold 09/14/2022
Alexander (Alex) Arustamian
Scott Plasky
JG
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,064
Total Square Footage:5,123 SF
Transaction Type:Sale

Located at 81 7th Ave in Park Slope, Brooklyn, this retail property was recently sold in a closed transaction. The sale took place on September 14, 2022, and the property was purchased by Joshua Grossman from the seller, Adir Cohen. The asset type of the property is retail, and it spans across 5,123 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,575,000
  • Address: 81 7th Ave, Park Slope, Brooklyn
  • Buyer: Joshua Grossman
  • Seller: Adir Cohen
  • Brokers: Scott Plasky & Alex Arustamian - Plasky Retail Group - Marcus & Millichap
  • Sale Price: $10,575,000
  • Square Footage: 5,123
  • Price per Square Foot: $2,064

The property was net-leased to Petco with a corporate guarantee, ensuring zero management involvement. Additionally, there is a long-term lease in place for the property, providing stability and potential returns for the new owner, Joshua Grossman.

Players

Scott Plasky
Marcus & Millichap
Scott Plasky
78 deals$406.4M volume(212) 430-5229
BROKER
Alexander (Alex) Arustamian
Marcus & Millichap
Alexander Arustamian
24 deals$116M volume(212) 430-5276
BROKER
JG
Joshua J. Grossman
2 deals$21.2M volume
BUYER

Details

SOLD
IMAGE: Scott Plasky, Alex Arustamian & Adir Cohen DATE: 09/14/2022 ADDRESS: 81 7th Ave. MARKET: Park Slope, Brooklyn ASSET TYPE: Retail BUYER: Joshua Grossman SELLER: Adir Cohen BROKERS: Scott Plasky (@PlaskyRetailGroup) & Alex Arustamian (@Alex_Arustamian) - Plasky Retail Group (@PlaskyRetailGroup) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $10,575,000 SF: 5,123 ~ PPSF: $2,064 NOTE FROM BROKER: Property was net-leased to Petco (corporate guarantee). Zero management with a long-term lease in place.

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