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Brokerage
Posted: June 6, 2017
M.C. O’Brien handles all-cash sale of two contiguous properties located at 2673 and 2675 Atlantic Ave. with Sapohikov: $1.875 million
M.C. O’Brien Inc.
Brooklyn, NY According to M.C. O’Brien Inc., the firm completed the recent all-cash sale of two contiguous properties located at 2673 and 2675 Atlantic Ave. in the Broadway Junction area.
William O’Brien, SIOR was initially retained to lease the vacant ground floor space of 2673 Atlantic Ave. M.C. O’Brien, Inc. advised ownership of the current market value of the property which has surged with the city’s area up-zoning. M.C. O’Brien, Inc. began marketing both sites and in 30 days had secured multiple all-cash offers.
The ultimate purchase price for the two properties was $1.875 million. The properties sit on a 50 ft. x 112 ft. lot and with the recent new zoning will allow a 30,000 s/f mixed-use building or a community facility development of up to 40,000 s/f.
M.C. O’Brien, Inc. represented the seller and Vlad Sapohikov represented the buyer, a Queens base investor.
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