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East Coast Acquisition Acquires Sheepshead Bay Retail Property For $27.65M

3860 Nostrand Avenue
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This Retail property located in NY was sold for $27,650,000 over 3 years ago. The brokers of the deal were Zachary (Zach) Mishaan, Andrew Jacobs, and Jeff Fishman

Located in the Sheepshead Bay market, the property at 3860 Nostrand Avenue was involved in a closed transaction. The retail asset, spanning 66,496 square feet, was sold for a price of $27,650,000. This translates to a price per square foot of $415. The buyer of the property was Elliot Sasson, representing East Coast Acquisition. On the other side of the deal, Acadia Realty Trust acted as the seller. The brokers involved in the transaction were Zach Mishaan, Jeff Fishman, and Andrew Jacobs, all from RKF.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $27,650,000
  • Square Footage: 66,496
  • Price per Square Foot: $415
  • Address: 3860 Nostrand Avenue
  • Market: Sheepshead Bay

The individuals and companies involved in this deal include Elliot Sasson, representing East Coast Acquisition as the buyer, and Acadia Realty Trust as the seller. The brokers, Zach Mishaan, Jeff Fishman, and Andrew Jacobs from RKF, facilitated the transaction.

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Deals
  • Location
    3860 Nostrand Ave, Brooklyn, NY 11235, USA3860 Nostrand Ave, Brooklyn, NY 11235, USA
  • Sale Price
    $27,650,000$27,650,000
    $415 PPSF$415 PPSF
  • Area
    66,496 SF66,496 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 3 Agencies3 Brokers, 3 Agencies

Agents

Zachary (Zach) Mishaan

Zachary (Zach) Mishaan

Deals6
Sold$98.8M

Jeff Fishman

Jeff Fishman

Deals4
Sold$27.7M

Agencies

Kassin Sabbagh Realty

Kassin Sabbagh Realty

Agency
Deals1091
Volume$7.1B

Berkshire Hathaway HomeServices

Berkshire Hathaway HomeServices

Agency
Deals550
Volume$3B

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Deal Summary

IMAGE: Jeff Fishman, Andrew Jacobs, Zach Mishaan & Kenneth Bernstein ADDRESS: 3860 Nostrand Avenue MARKET: Sheepshead Bay ASSET TYPE: Retail BUYER: Elliot Sasson – East Coast Acquisition SELLER: Acadia Realty Trust BROKERS: Zach Mishaan, Jeff Fishman, Andrew Jacobs – RKF PRICE: $27,650,000 SF: 66,496 PPSF: $415

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3860 Nostrand Avenue

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