Empire Prospect LLC paid $6M to 169 Empire Boulevard LLC

Empire Prospect LLC paid 169 Empire Boulevard LLC $6.0 million for 1 parcel, including the tax class funeral home (K7) at 169 Empire Boulevard in Crown Heights. The deal closed on July 30, 2019 and was recorded on August 12, 2019. The parcel(s) have total development potential of 36,000 square feet.
The average sale price per square foot is $250.
The estimated cap rate is 2.3%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link