Brooklyn Cooperative Federal Credit Purchases Retail Space From Urban View Development For $2.83M

The property asset involved in this transaction is a retail space located at 1308 Myrtle Avenue in the Bushwick market. The sale price for the asset was $2,830,000, covering an area of 8,314 square feet, which equates to a price per square foot of $340.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,830,000
• Seller: Urban View Development
• Buyer: Brooklyn Cooperative Federal Credit
• Seller's Representative: John Le Vine, Joseph DiPiazza & David Quigua - EXR
• Buyer's Representative: Justin Losh & Kristen Wentrcek - Counter

John Le Vine, Joseph DiPiazza, and David Quigua from EXR facilitated the transaction for the seller, enabling Urban View Development to optimize their capital stack and maximize return on investment. The buyer, represented by Justin Losh and Kristen Wentrcek from Counter NY, intends to utilize the space as a branch, contributing to the local community's needs.