Spencer Equity Acquires Mixed-Use Property In Brooklyn For $50M

The mixed-use property located at 2911 West 36th Street in Brooklyn, New York has been sold for a total price of $50,000,000. The property spans approximately 229,865 square feet, resulting in a price per square foot of $217. It consists of 250 units, with an average price per unit of $200,000.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $50,000,000
• Address: 2911 West 36th Street, Brooklyn, New York
• Market: Brooklyn
• Square Footage: 229,865 sf
• Price per Square Foot: $217
• Number of Units: 250
• Price per Unit: $200,000

The seller of the property was the Orbach Group, represented by Meyer Orbach. On the other hand, Spencer Equity, represented by Joel Gluck, acted as the buyer in this transaction.