Bert Brodsky’s BEB Capital pays $14M to Donald Barkin for industrial property in Bedford-Stuyvesant

Bert Brodsky’s BEB Capital through the entity 1045 Atlantic, LLC paid Donald Barkin’s Slaw Realty Co., Inc $13.5 million for 1045 Atlantic Avenue in Bedford-Stuyvesant. The deal closed on November 7, 2019, and was recorded on December 4, 2019. The transaction consists of 1 parcel, including the tax class semi-fireproof manufacturing building (F4). The property is 12,066 square feet. The parcel(s) have total development potential of 27,410 square feet.
The average sale price per square foot is $493.
The estimated cap rate is 1.2%

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