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Investment Property Realty Group (IPRG) Brokers Facilitate $2.5M Mixed-Use Sale In Boerum Hill

32 3rd Avenue, 532-542 Union Street and 495-499 President Street
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This Mixed-use property located in NY was sold for $55,000,000 over 3 years ago. The brokers of the deal were Dan Marks and Ofer Cohen

Located in Boerum Hill, the mixed-use property at 479 Atlantic Ave. has recently been sold for $2,475,000. Spread across 3,200 square feet, this property offers a versatile space for various purposes. With a price per square foot of $773, this transaction indicates a significant investment in the area.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,475,000
  • Address: 479 Atlantic Ave.
  • Market: Boerum Hill

The sale of this property was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah from Investment Property Realty Group (IPRG). These brokers played a crucial role in representing the parties involved in the deal.

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Deals
  • Location
    32 3rd Ave, Brooklyn, NY 11217, USA32 3rd Ave, Brooklyn, NY 11217, USA
  • Sale Price
    $55,000,000$55,000,000
    $1,057 PPSF$1,057 PPSF
  • Area
    52,000 SF52,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Ofer Cohen

Ofer Cohen

Deals24
Financed$557.4M

Dan Marks

Dan Marks

Deals39
Financed$597.5M

Agency

Terra CRG

Terra CRG

Agency
Deals235
Volume$2.8B

Deal Summary

SALE IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel & Daniel Shawah DATE: 06/02/2022 ADDRESS: 479 Atlantic Ave. MARKET: Boerum Hill ASSET TYPE: Mixed-use BROKERS: Derek Bestreich, Luke Sproviero (@DaLucien), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Gabriel Kates & Daniel Shawah - Investment Property Realty Group (IPRG) (@IPRG_NYC) SALE PRICE: $2,475,000 SF: 3,200 ~ PPSF: $773

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32 3rd Avenue, 532-542 Union Street and 495-499 President Street

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