Bridges Development Group Acquires Shore Parkway Retail Property For $14M

A retail property located at 1608-1644 Shore Parkway in Gravesend has been sold for $14,000,000. The property spans 291,000 square feet and is zoned as M3-1. The transaction had an interest rate of 21%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,000,000
• Square Footage: 291,000
• Address: 1608-1644 Shore Parkway
• Market: Gravesend
• Zoning: M3-1

The buyer of the retail property was Bridges Development Group, while the sellers were Susan Diiorio and Christine Diiorio. The deal was facilitated by the brokerage firm Robert Morse & Jonathan Slager.