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Shopping Centers
Posted: February 21, 2017
King and Venekas of CPEX Real Estate sell 2,000 s/f retail condo for $1.8 million at 500 4th Avenue
Tim King, CPEX
Dimitri Venekas, CPEX
Brian Leary, CPEX
New York, NY In the waning days of 2016, CPEX Real Estate sold the commercial condo at the base of 500 4th Ave. This Park Slope corner is 2,000 s/f and features wraparound frontage on both 4th Ave. and 12th St.
The sale was executed by Timothy King and Dimitri Venekas of the CPEX retail sales team with assistance from the retail leasing and office sales and leasing teams.
“Due to the unique product type focuses of our sales teams, we were able to broadly market the property to investors and tenants across a wide swath of the marketplace,” said Brian Leary, managing partner of CPEX.
The property sold for $1.8 million or $875 per s/f to a local investor.
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Shopping Centers
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