Ethika Capital Acquires Williamsburg Retail & Garage Property For $32M

The property involved in this transaction is a retail and garage asset located at 248 Bedford Avenue and 195 Berry Street in Williamsburg, Brooklyn. The property spans a total square footage of 52,000 and was sold for a price of $32,000,000, resulting in a price per square foot of $615. The transaction took place on 12/23/2020.

Summary of transaction details

• Property Type: Retail & Garage
• Transaction Amount: $32,000,000
• Address: 248 Bedford Avenue, 195 Berry Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Ethika Capital - Abraham Bennun
• Seller: @SLGreen_Realty Corp
• Tenants: @HSBC, @DuaneReadeNYC & Quik Park

The buyer in this transaction was Ethika Capital, represented by Abraham Bennun. The seller was @SLGreen_Realty Corp. The broker involved in the deal was Dan Kaplan from CBRE. The property is currently occupied by tenants such as HSBC, Duane Reade NYC, and Quik Park.