90-98 FLATBUSH LLC paid $8M to 100 FLATBUSH AVENUE TRUST

90-98 FLATBUSH LLC paid 100 FLATBUSH AVENUE TRUST $8.0 million for 1 parcel, including the tax class miscellaneous office building (O9) at 100 Flatbush Avenue in BROOKLYN. The deal closed on July 01, 2019 and was recorded on July 12, 2019. The parcel(s) have total development potential of 21,498 square feet.
The average sale price per buildable square foot is $671.
The estimated cap rate is 1.7%

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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