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$12.2M Prospect Slope Portfolio Mixed-Use Sale In Prospect Heights & Park Slope, Brooklyn By Benjamin Zalman To Undisclosed Buyer Represented By Peter Von Der Ahe, Shaun Riney, Mark Zarrella, And Andrew Bronsteen

770 Washington Avenue, 66 6th Avenue , 585 Vanderbilt Avenue, 40 4th Avenue, 257 Flatbush Avenue
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This Mixed-use property located in NY was sold for $12,200,000 over 3 years ago. The brokers of the deal were Shaun Riney, Mark Zarrella, Peter Von Der Ahe, and Andrew Bronsteen

The Prospect Slope Portfolio, consisting of properties located at 770 Washington Ave., 66 6th Ave., 585 Vanderbilt Avenue, 40 4th Ave., and 257 Flatbush Ave., has been sold in a recent transaction in Prospect Heights & Park Slope, Brooklyn. The mixed-use asset spans a total of 20,415 square feet and was sold for a total price of $12,200,000, resulting in a price per square foot of $598. The portfolio includes 25 units, with an average price per unit of $488,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $12,200,000
  • Address: 770 Washington Ave., 66 6th Ave., 585 Vanderbilt Avenue, 40 4th Ave., 257 Flatbush Ave.
  • Market: Prospect Heights & Park Slope, Brooklyn
  • Buyer: 🤫
  • Seller: Benjamin Zalman
  • Brokers: Peter Von Der Ahe, Shaun Riney, Mark Zarrella, Andrew Bronsteen (@NewYorkMultifamily, @MarcusMillichap_NY)

The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, Mark Zarrella, and Andrew Bronsteen, representing the buyer and seller in the transaction. The buyer's and seller's identities were not disclosed. The sale of the Prospect Slope Portfolio highlights the demand for mixed-use properties in the Prospect Heights & Park Slope neighborhood of Brooklyn.

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  • Location
    770 Washington Ave, Brooklyn, NY 11238, USA770 Washington Ave, Brooklyn, NY 11238, USA
  • Sale Price
    $12,200,000$12,200,000
    $597 PPSF$597 PPSF
  • Area
    20,415 SF20,415 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Andrew Bronsteen

Andrew Bronsteen

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Financed$138M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
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Volume$66B

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Deal Summary

SALE IMAGE: Peter Von Der Ahe, Shaun Riney, Mark Zarrella, Andrew Bronsteen (@BKBronsteen) DATE: 09/22/2020 ADDRESS: The Prospect Slope Portfolio - 770 Washington Ave., 66 6th Ave. , 585 Vanderbilt Avenue, 40 4th Ave., 257 Flatbush Ave. MARKET: Prospect Heights & Park Slope, Brooklyn ASSET TYPE: Mixed-use BUYER: 🤫 SELLER: Benjamin Zalman BROKERS: Peter Von Der Ahe, Shaun Riney, Mark Zarrella, Andrew Bronsteen @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $12,200,000 SF: 20,415 ~ PPSF: $598 UNITS: 25 ~ PPU: $488,000

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770 Washington Avenue, 66 6th Avenue , 585 Vanderbilt Avenue, 40 4th Avenue, 257 Flatbush Avenue

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