Arthur Vayner Acquires Office Building In Midwood For $9.75M | 1202 Kings Highway / 1717 East 12th Street | Richard (Rich) Velotta | Office | Sale

Summary

Sale

NEW YORK

Office

22,160 sqft

The office property located at 1202 Kings Highway / 1717 East 12th Street in Midwood has been sold for a total of $9,750,000. This property spans over 22,160 square feet, resulting in a price per square foot of $439. The transaction involved the sale of the property from seller Yury Gnisin to buyer Arthur Vayner.

Summary of Transaction Details

Property Type: Office
Sale Price: $9,750,000
Square Footage: 22,160
Price Per Square Foot: $439
Address: 1202 Kings Highway / 1717 East 12th Street
Market: Midwood

The deal was facilitated by broker Rich Velotta. Additionally, the financing for this transaction was provided by Meridian Capital Group’s Justin Boruchov.

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Players

All
2

Agents
1
Agencies
1

Richard (Rich) Velotta

Founder & CEO

$192.5M Sold

Details

Deal Summary

SOLD

IMAGE: Rich Velotta DATE: 06/18/2019 ADDRESS: 1202 Kings Highway / 1717 East 12th Street MARKET: Midwood ASSET TYPE: Office SALE PRICE: $9,750,000 SF: 22,160 PPSF: $439 SELLER: Yury Gnisin BUYER: Arthur Vayner BROKER: Rich Velotta NOTE: Financed by Meridian Capital Group’s Justin Boruchov

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Address1202 Kings Highway / 1717 East 12th Street

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