Hidrock Properties pays $7M to RedSky Capital for retail property in Park Slope

Hidrock Properties through the entity 182 Flatbush Ave LLC paid RedSky Capital’s Redsky JZ Triangle, LLC $7.0 million for 182 Flatbush Avenue in Park Slope. The deal closed on November 20, 2019, and was recorded on November 29, 2019. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 4,791 square feet.

The estimated cap rate is 1.4%
The last time the property sold was September 12, 2012, for $4,100,000.

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