Joseph Zelik pays $5M to Deborah Cannon for commercial property in Sheepshead Bay

Joseph Zelik through the entity Corner Prime LLC paid Deborah Cannon’s 1601-03 Avenue U Corp. $5 million for 1601 Avenue U in Sheepshead Bay. The deal closed on February 20, 2020, and was recorded on February 28, 2020. The transaction consists of 1 parcel, including the tax class two-story or store and office (K2). The property is 8,400 square feet. The parcel(s) have total development potential of 8,400 square feet.
The average sale price per square foot is $592.

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