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Derby Copeland Capital Acquires Mixed-Use Asset In Park Slope, Brooklyn For $4.5M

240 Flatbush Avenue
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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

Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate related debt financing and equity investments, has acquired a mixed-use property located at 240 Flatbush Avenue in Park Slope, Brooklyn. The property was purchased for a sale price of $4,500,000 on January 20, 2022. The asset spans a total of 4,968 square feet, resulting in a price per square foot of $905. The transaction represents a 5.3% capitalization rate based on the in-place income.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,500,000
  • Address: 240 Flatbush Avenue, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Buyer: Derby Copeland Capital
  • Seller: Ironstone Partners
  • Brokers: Shaun Riney, Andrew Bronsteen, and Mark Zarrella - Marcus & Millichap
  • Square Footage: 4,968
  • Price per Square Foot: $905

Derby Copeland Capital acquired the property all cash from a long-term family ownership group. For any loan, preferred equity, or equity opportunities, please contact Derby Copeland Capital at [email protected].

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Deals
  • Location
    240 Flatbush Avenue, Brooklyn, NY 11217240 Flatbush Avenue, Brooklyn, NY 11217
  • Sale Price
    $4,500,000$4,500,000
    $905 PPSF$905 PPSF
  • Area
    4,968 SF4,968 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Andrew Bronsteen

Andrew Bronsteen

Deals35
Financed$138M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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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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