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Ashkenazy Acquisition Corporation Acquires Sheepshead Bay Shopping Center For $38.25M

3779-3861 Nostrand Avenue
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This Retail property located in NY was sold for $38,250,000 over 5 years ago. The brokers of the deal were Eugene Kim, Tommy Lin, Thomas (Tom) Donovan, and Robert Rappa

This transaction represents the largest ever sale (by price) of a shopping center with parking in the entire borough of Brooklyn.

Summary of transaction details

  • Property Type: Shopping center with parking
  • Transaction Amount: $38,250,000
  • Square Footage: 80,991
  • Price per Square Foot: $472
  • Date: 12/21/2018
  • Address: 3779-3861 Nostrand Avenue, Sheepshead Bay, Brooklyn
  • Market: Sheepshead Bay, Brooklyn

The seller of the property was the LeFrak Organization, while the buyer was Ashkenazy Acquisition Corporation. The transaction was brokered by Thomas A. Donovan, Eugene Kim, Tommy Lin, and Robert Rappa from the Donovan Team and B6 Real Estate.

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  • Location
    3779 Nostrand Avenue, Brooklyn, NY, USA3779 Nostrand Avenue, Brooklyn, NY, USA
  • Sale Price
    $38,250,000$38,250,000
    $472 PPSF$472 PPSF
  • Area
    80,991 SF80,991 SF
  • Asset Type
    RetailRetail
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Tommy Lin

Tommy Lin

Deals16
Sold$233.3M

Agency

B6 Real Estate Advisors

B6 Real Estate Advisors

Agency
Deals208
Volume$2.3B

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Deal Summary

SALE IMAGE: Thomas Donovan, Ben Ashkenazy, Eugene Kim, Dan Levy, Tommy Lin and Robert Rappa DATE: 12/21/2018 ADDRESS: 3779-3861 Nostrand Avenue MARKET: Sheepshead Bay, Brooklyn SELLER: LeFrak Organization BUYER: Ashkenazy Acquisition Corporation BROKERS: Thomas A. Donovan, Eugene Kim, Tommy Lin, & Robert Rappa @donovanteam_nyc @B6RealEstate SALE PRICE: $38,250,000 SF: 80,991 ~ PPSF: $472 NOTES: This transaction represents the largest ever sale (by price) of a shopping center with parking in the entire borough of Brooklyn.

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3779-3861 Nostrand Avenue

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