Shalom, Hodes and Vorvolakos of Cushman & Wakefield sell two commercial buildings for $9.02 million

December 19, 2017 - New York City
Jeffrey Shalom,
Cushman & Wakefield

 

Caroline Hodes,
Cushman & Wakefield

 

Stephen Vorvolakos,
Cushman & Wakefield

 

Brooklyn, NY Cushman & Wakefield has arranged the sale of two adjacent commercial buildings located at 6519 and 6523 18th Ave. in Bensonhurst. The closing price was $9.02 million.

A Cushman & Wakefield investment sales team consisting of executive director Jeffrey Shalom, senior associate Caroline Hodes, and senior associate Stephen Vorvolakos represented the seller and buyer.

The two, two-story adjacent commercial buildings, totaling 8,070 s/f, sold for $1,118 per s/f. The corner retail space is anchored by Capital One Bank through a 15-year lease while the rest of the building will be delivered vacant shortly after closing.

“This is a great pair of assets situated in the heart of Brooklyn’s growing Bensonhurst neighborhood,” Jeffrey Shalom of Cushman & Wakefield. “6519 and 6523 18th Ave. presented the buyer with an exceptional opportunity to invest in one of South Brooklyn’s most sought-after retail destinations.”

Located on the northeast corner of 18th Ave. and 66th St., the buildings are located on one of the major retail thoroughfares within South Brooklyn, near national retailers including Chase, Bank of America, Starbucks, Walgreens, and Target, which recently opened just two blocks away. The buildings are easily accessible by the 18th Avenue and 64th St. N train station and the 18th Ave. B8 bus stop.

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