SOLD
Kin Cheng Acquires 20,000 SF Industrial Property In Brooklyn's Sunset Park For $7.8M
4202 2nd Avenue
Industrial
200,000 SF
200,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
200,000 sqft
A 20,000 square foot industrial property located at 4202 2nd Avenue in Brooklyn's Sunset Park neighborhood has been sold for $7,800,000. The property was purchased at a price of $390 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Square Footage: 20,000
- Price per Square Foot: $390
- Address: 4202 2nd Avenue
- Market: Brooklyn, Sunset Park
The seller of the property was the Semel Family, while the buyer was Kin Cheng. The deal was facilitated by Erik Yankelovich of GFI Capital, who represented both parties in the transaction. It is worth noting that the property also included 20,000 square feet of air rights.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Erik Yankelovich
DATE: 11/18/2019
ADDRESS: 4202 2nd Avenue
MARKET: Brooklyn, Sunset Park
ASSET TYPE: Industrial
SALE PRICE: $7,800,000
SF: 20,000
PPSF: $390
SELLER: Semel Family
BUYER: Kin Cheng
BROKER: Erik Yankelovich & GFI Capital
NOTE: Property had 20k sf of air rightsView on map
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Address4202 2nd Avenue
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