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Jack Terzi Acquires Greenpoint Retail Condo On Manhattan Avenue

807 Manhattan Avenue
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This Mixed-use property located in NY was sold for $10,050,000 almost 6 years ago. The brokers of the deal were Daniel (Dan) Kaplan and Justin Arzi

The retail condo located at 807 Manhattan Avenue in New York City's Greenpoint/BK market has been sold for a price of $10,050,000. The property, a historic stone building featuring neoclassical architecture, encompasses 15,000 square feet of interior space. With a price per square foot of $670, this retail condo offers a lucrative investment opportunity.

Summary of Transaction Details

  • Property Type: Retail Condo
  • Transaction Amount: $10,050,000
  • Square Footage: 15,000
  • Address: 807 Manhattan Avenue, New York
  • Market: Greenpoint/BK

Jack Terzi has acquired the property from Margate Atlantic Properties. The deal was facilitated by the brokers Dan Kaplan and Justin Arzi from CBRE. It is worth noting that Capital One has a long-term lease for the entire 15,000 square feet of interior space in this historic building. They operate a retail bank branch at this location.

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Deals
  • Location
    807 Manhattan Avenue, Brooklyn, NY 11222807 Manhattan Avenue, Brooklyn, NY 11222
  • Sale Price
    $10,050,000$10,050,000
    $670 PPSF$670 PPSF
  • Area
    15,000 SF15,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Justin Arzi

Justin Arzi

Deals23
Sold$674.8M

Daniel (Dan) Kaplan

Daniel (Dan) Kaplan

Deals33
Sold$996.5M

Agency

CBRE

CBRE

Agency
Deals4228
Volume$184.3B

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Deal Summary

SALE IMAGE: Jack Terzi (@jt_re) and Dan Kaplan (@Dkap24) DATE: 05/31/2018 ADDRESS: 807 Manhattan Avenue CITY: New York MARKET: Greenpoint/BK ASSET TYPE: Retail Condo SELLER: Margate Atlantic Properties BUYER: Jack Terzi BROKERS:  Dan Kaplan & Justin Arzi @arzigram - CBRE PRICE: $10,050,000 SF: 15,000  ~ PPSF: $670 NOTES: The historic stone building at 807 Manhattan Avenue, which features neoclassical architecture including a domed roof and Romanesque columns. Capital One has a long-term lease of the building's entire 15,000 square feet of interior space, which it uses for a retail bank branch.

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807 Manhattan Avenue

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