The property asset involved in this transaction is a retail space located at 61-63 N 6th Street in the Brooklyn market. The sale price was $33,400,000 for a total square footage of 14,100, resulting in a price per square foot of $2,369.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,400,000
• Square Footage: 14,100
• Price Per Square Foot: $2,369
• Buyer: City Urban Realty - Michael Alvandi
• Seller: Rehan Perveez
• Date of Transaction: 04/16/2025

City Urban Realty, represented by Michael Alvandi, is interested in connecting with active tenants and tenant representative brokers for the retail space at 61-63 N 6th Street. All lease inquiries should be directed to Harry Hochman. The company is pursuing value-add retail acquisitions in various locations including Manhattan south of 96th Street, prime Brooklyn, the Gold Coast of Long Island, and the Hamptons, with deal sizes ranging from $5 million to $150 million.