Ingram & Hebron Realty sells two Brooklyn properties for $13.8 million

Robert Hebron IV, Ingram & Hebron

Robert Hebron V, Ingram & Hebron

Bosko Stankovic of Ingram & Hebron Realty

Brooklyn NY Ingram & Hebron Realty represented buyer and seller in this estate sale comprising two buildings on Coney Island Ave. in the Sheepshead Bay neighborhood. Due to interest in the portfolio, the sales prices ended up exceeding the asking prices.

2533 Coney Island Ave., a 25,000 s/f private school sold for $9.25 million at a cap rate of 5 and 2525 Coney Island Ave., a branch of the Brooklyn Public Library sold for $4.55 million at a cap rate of 4.5. The buyer has requested to remain private.

Robert Hebron IV, Rob Hebron, and Bosko Stankovic of Ingram & Hebron were the brokers involved.

Ingram & Hebron Realty has leased hundreds of thousands of s/f of office and retail space in Brooklyn and has sold over 600,000 s/f of buildings and $50 million of land and buildings for redevelopment in Brooklyn.

2533 Coney Island Avenue - Brooklyn, NY

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

How property reserves work in a Delaware Statutory Trust (DST) - A practical comparison to direct real estate ownership - by Dwight Kay

Columns and Thought Leadership

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

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.