EMP Capital Group Acquires Industrial Property In Crown Heights For $14M

The industrial property located at 1035 Pacific Street & 1034-1042 Atlantic Avenue in Crown Heights has been sold for a total of $14,000,000. The property spans across 27,915 square feet, resulting in a price per square foot of $501. The sale took place on April 12, 2022, and the transaction involved the buyer, EMP Capital Group, and the seller, Cheung Ming Lee.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Square Footage: 27,915 sqft
• Price per Square Foot: $501
• Address: 1035 Pacific Street & 1034-1042 Atlantic Avenue
• Market: Crown Heights

EMP Capital Group, represented by their broker Elie Pariente, purchased the industrial property from Cheung Ming Lee. This transaction demonstrates a significant investment in the Crown Heights industrial market.