Derby Copeland Capital Acquires Mixed-Use Asset In Park Slope, Brooklyn For $4.5M
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This Mixed-use property located in NY was sold for $4,500,000 about 2 years ago. The brokers of the deal were Shaun Riney, Mark Zarrella, and Andrew Bronsteen
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- Location240 Flatbush Avenue, Brooklyn, NY 11217
- Sale Price$4,500,000$905 PPSF
- Area4,968 SF
- Asset TypeMixed-use
- Parties3 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Mark Zarrella, Shaun Riney & Andrew Bronsteen
DATE: 01/20/2022
ADDRESS: 240 Flatbush Avenue
MARKET: Park Slope, Brooklyn
ASSET TYPE: Mixed-use
BUYER: Derby Copeland Capital
SELLER: Ironstone Partners
BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BKBronsteen) & Mark Zarrella (@MarkZarrella) - Marcus & Millichap
SALE PRICE: $4,500,000
SF: 4,968 ~ PPSF: $905
CAP: 5.3% In-Place
NOTE FROM BUYER: Derby Copeland Capital purchased the property all cash from a long term family ownership group. Derby Copeland Capital is a New York City based private equity firm that specializes in opportunistic real estate related debt financing & equity investments. Please send any loan, preferred equity & equity opportunities to [email protected].
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240 Flatbush Avenue
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