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A&H Acquisitions Acquires Retail Property In Bay Ridge For $14.1M From Seller Marc Gordon

531 86th Street
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This Retail property located in NY was sold for $14,125,000 over 3 years ago. The brokers of the deal were Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton, and Winfield Clifford

The retail property located at 531 86th Street in Bay Ridge, with a zoning classification of C4-2A, BR, has been sold in a recent transaction. The property spans a total of 37,467 square feet and is classified as tax class 4. The lot size measures 181 feet by 100 feet. The sale took place on November 12, 2020, with a purchase price of $14,125,000. The price per square foot was $378, while the price per buildable square foot was $260. The transaction was facilitated by Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton, and Winfield Clifford from JLL New York.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,125,000
  • Market: Bay Ridge
  • Asset Type: Retail
  • Zoning: C4-2A, BR
  • Square Footage: 37,467 SF
  • Price per Square Foot: $378
  • Price per Buildable Square Foot: $260
  • Tax Class: 4
  • Lot Size: 181 ft x 100 ft

The buyer in this transaction was A&H Acquisitions, represented by Alex Adjmi. The seller was Marc Gordon, represented by E&P Associates. The involved brokers include Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton, and Winfield Clifford from JLL. The transaction marks an important milestone for all parties involved in the deal.

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Deals
  • Location
    531 86th Street531 86th Street
  • Sale Price
    $14,125,000$14,125,000
    $377 PPSF$377 PPSF
  • Area
    37,467 SF37,467 SF
  • Asset Type
    RetailRetail
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Ethan Stanton

Ethan Stanton

Deals54
Sold$2B

Brendan Maddigan

Brendan Maddigan

Deals80
Financed$2.7B

Stephen Palmese

Stephen Palmese

Deals64
Financed$2.4B

Michael Mazzara

Michael Mazzara

Deals50
Sold$1.6B

Winfield Clifford

Winfield Clifford

Deals52
Financed$1.6B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Brendan Maddigan, @StephenPalmese, Michael Mazzara, Ethan Stanton & Winfield Clifford DATE: 11/12/2020 ADDRESS: 531 86th Street MARKET: Bay Ridge ASSET TYPE: Retail ~ ZONING: C4-2A, BR BUYER: A&H Acquisitions - Alex Adjmi SELLER: Marc Gordon - E&P Associates BROKERS: Brendan Maddigan, Stephen Palmese, Michael Mazzara, Ethan Stanton & Winfield Clifford @JLL @JllNewYork PRICE: $14,125,000 BSF: 54,300 ~ PPBSF: $260 SF: 37,467 ~ PPSF: $378 TAX CLASS: 4 ~ LOT SIZE: 181 ft x 100 ft

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531 86th Street

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