O’Brien and Peters of M.C. O’Brien arrange $12.5 million Brooklyn sale

Brooklyn, NY M.C. O’Brien Inc. has brokered the sale a 48,000 s/f office building in the Marine Park section.

2275 Coleman St., sits adjacent to the Marine Park golf course and adjacent to Kings Plaza Mall and Flatbush Ave., the building benefits from easy access to the Belt Parkway as well as onsite parking.

The building is fully leased with regional tenants, including a home health care provider, an engineering firm, a staffing provider and a title company. The asset represents an opportunity for new ownership, originally constructed by the seller in the early 90’s, the building offers a mostly open layout with landscaping and views of the golf course and nearby Marine Park.The property sold for $12.5 million and M.C. O’Brien was the sole broker. William O’Brien, SIOR, and Davon Peters of M.C. O’Brien secured the all cash buyer at a cap rate of 7%.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx

Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a

Williams Equities leases 100,000 s/f at 470 Park Avenue South

AEBOV Commercial Real Estate Brokerage sells 9,000 s/f parking lot at 616-622 Courtlandt Ave. for $3.45 million

AEBOV sells 9,000 s/f parking lot in the Bronx for $3.45m

SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds

NYREJ 2026 Ones to Watch: Innovators in Commercial Real Estate Participation Options

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

Eastern Union secures $12.9675 million financing toward acquisition of 174,078 s/f shopping center in Lima

Columns and Thought Leadership

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.

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