Capital Equities pays $4.4M to Hirshmark Capital for two mixed-use buildings in Clinton Hill

Capital Equities Group through the entity Ceg Myrtle Avenue, LLC paid $4.4 million to Hirshmark Capital through the entity 461 Myrtle Avenue Funding LLC for two-unit mixed-use building (S2) at 461 Myrtle Avenue in Clinton Hill, Brooklyn and mixed-use building (S1) at 459 Myrtle Avenue in Clinton Hill, Brooklyn.
The deal closed on July 29, 2021 and was recorded on August 18, 2021.
The two properties have 7,203 square feet of built space and 6,261 square feet of additional air rights for a total buildable of 13,460 square feet according to PincusCo analysis of city data. The sale price per built square foot is $614 and the price per buildable square foot is $328 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Hirshmark Capital was Mark Levin. The signatory for Capital Equities Group was Jay Markowitz.

Within a 400-foot radius of 461 Myrtle Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Clinton Hill Co-ops borrowed $29.6 million from Apple Bank For Savings secured by the 651,914-square-foot, 67-unit co-op (D4) on 165 Clinton Avenue and four other properties on December 28, 2020.

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