Capital Automotive Acquires Retail Property On Neptune Avenue In Brooklyn For $54M

Capital Automotive has acquired a retail property located at 809 Neptune Avenue in Brooklyn. The property spans 63,065 square feet and was sold by Manuel Kadre. The sale price for the transaction was $54,000,000, resulting in a price per square foot of $856.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $54,000,000
• Date: 08/03/2022
• Market: Brooklyn
• Seller: Manuel Kadre
• Buyer: Capital Automotive
• Image: Jay M. Ferriero

This deal brings together Capital Automotive as the buyer and Manuel Kadre as the seller. The transaction represents a significant investment in the retail property market in Brooklyn.