Caporrino and Cote of Sovereign Realty Group complete sale of free-standing bank for $3.5 million

Sovereign Realty Group, one of the nation's premier net leased brokerage firms, completed the sale of a free-standing bank building. Capital One Bank is the sole occupant of the property located at 386 Forest Ave. The property features a 3,165 s/f building that sits on a .23 acre parcel. Capital One has a long term NNN lease and has been a tenant at the site for 4 years. The property sold for $3.5 million or $1,105 per s/f. Frank Caporrino and Clem Cote, managing principals of SRG were the brokers on the transactions. The seller was Train City Ltd. and the buyer was a private investor from N.Y.C.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Roth of Manhattan Skyline leases retail space to Age of Stones

Columns and Thought Leadership

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.