Ross said “That the burgeoning Nostrand to Herkimer St. corridor just north of Atlantic Ave. has been a hotbed of activity over the last couple of years with several development sites trading hands and retail rents spiking.”
Stryker said, “New projects are seeing residential apartments rent in the $50-$65 price per s/f range which reflects the increase in demand for quality rental projects in this neighborhood.” The property had been in the family for close to 30 years.
Highcap represented both the buyer and seller in this transaction.
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