Yeshivat Darche Eres Acquires Specialty Building From EmblemHealth For $8.8M In Sheepshead Bay

The property asset involved in this transaction is a special purpose building located at 3245 Nostrand Avenue in Sheepshead Bay, Brooklyn. The sale was finalized at a price of $8,800,000. The property features a total area of approximately 36,000 square feet, with a price per square foot of $244.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $8,800,000
• Address: 3245 Nostrand Avenue
• Market: Sheepshead Bay, Brooklyn
• Buyer: Yeshivat Darche Eres
• Seller: EmblemHealth
• Square Footage: 36,000
• Price Per Square Foot: $244

The transaction involved Yeshivat Darche Eres acquiring the property from EmblemHealth, with plans to utilize the building as owner-occupied space. This acquisition reflects the buyer's intent to establish a permanent presence in the Sheepshead Bay area.