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Arthur Vayner Acquires Office Building In Midwood For $9.75M

1202 Kings Highway / 1717 East 12th Street
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This Office property located in NY was sold for $9,750,000 almost 5 years ago. The broker of the deal was Richard (Rich) Velotta

The office property located at 1202 Kings Highway / 1717 East 12th Street in Midwood has been sold for a total of $9,750,000. This property spans over 22,160 square feet, resulting in a price per square foot of $439. The transaction involved the sale of the property from seller Yury Gnisin to buyer Arthur Vayner.

Summary of Transaction Details

  • Property Type: Office
  • Sale Price: $9,750,000
  • Square Footage: 22,160
  • Price Per Square Foot: $439
  • Address: 1202 Kings Highway / 1717 East 12th Street
  • Market: Midwood

The deal was facilitated by broker Rich Velotta. Additionally, the financing for this transaction was provided by Meridian Capital Group’s Justin Boruchov.

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Deals
  • Location
    1202 Kings Hwy, Brooklyn, NY 11229, USA1202 Kings Hwy, Brooklyn, NY 11229, USA
  • Sale Price
    $9,750,000$9,750,000
    $440 PPSF$440 PPSF
  • Area
    22,160 SF22,160 SF
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Richard (Rich) Velotta

Richard (Rich) Velotta

Deals17
Sold$192.5M

Agency

Raven Property Advisors

Raven Property Advisors

Agency
Deals48
Volume$455.5M

Deal Summary

IMAGE: Rich Velotta DATE: 06/18/2019 ADDRESS: 1202 Kings Highway / 1717 East 12th Street MARKET: Midwood ASSET TYPE: Office SALE PRICE: $9,750,000 SF: 22,160 PPSF: $439 SELLER: Yury Gnisin BUYER: Arthur Vayner BROKER: Rich Velotta NOTE: Financed by Meridian Capital Group’s Justin Boruchov

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1202 Kings Highway / 1717 East 12th Street

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