New Empire Corp Acquires Industrial & Retail Property In Flatbush, Brooklyn For $18M

The property involved in this closed transaction is located at 21 Lenox Road in Flatbush, Brooklyn. The property also includes 765 & 757 Flatbush Avenue. It is classified as an industrial and retail asset. The sale of this property took place on October 24, 2022.

Summary of transaction details

• Property Type: Industrial & Retail
• Transaction Amount: $18,000,000
• Buyer: New Empire Corp - Bentley Zhao
• Seller: Steven Neuman

New Empire Corp, represented by Bentley Zhao, acquired the property from Steven Neuman. The sale price for this transaction was $18,000,000. The building has a total square footage of 108,052, with a price per square footage of $167. Additionally, the property has a smaller area of 21,861 square feet, with a price per square footage of $823.