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East Group Capital Acquires Mixed-Use Property On Atlantic Avenue In Brooklyn For $675,000

1219 Atlantic Avenue
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This Mixed-use property located in NY was sold for $675,000 over 3 years ago.

A mixed-use property located at 1219 Atlantic Avenue in Brooklyn was recently sold in a closed transaction. The property spans 2,001 square feet and features a mix of residential and commercial spaces. The sale took place on 07/01/2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Address: 1219 Atlantic Avenue
  • Market: Brooklyn
  • Asking Price: $850,000
  • Sale Price: $675,000
  • Square Footage: 2,001
  • Price per Square Foot: $337

The buyer of the property was East Group Capital represented by Ofir Badash & Itay Gamlieli. On the other hand, the seller was Jacob Frankel. The transaction resulted in a final sale price of $675,000, which equates to a price per square foot of $337.

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  • Location
    1219 Atlantic Avenue, Brooklyn, NY, USA1219 Atlantic Avenue, Brooklyn, NY, USA
  • Sale Price
    $675,000$675,000
    $337 PPSF$337 PPSF
  • Area
    2,001 SF2,001 SF
  • Asset Type
    Mixed-useMixed-use

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Deal Summary

SALE IMAGE: Ofir Badash & Itay Gamlieli DATE: 07/01/2021 ADDRESS: 1219 Atlantic Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: East Group Capital - Ofir Badash & Itay Gamlieli SELLER: Jacob Frankel ASKING PRICE: $850,000 SALE PRICE: $675,000 SF: 2,001 ~ PPSF: $337

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