LSM OF NEW YORK, LLC paid $2M to 1111 AVENUE U REALTY LLC

LSM OF NEW YORK, LLC paid 1111 AVENUE U REALTY LLC $2.0 million for 1 parcel, including the tax class one-story store building (K1) at 1111 Avenue U in Sheepshead Bay. The deal closed on July 10, 2019 and was recorded on July 12, 2019. The parcel(s) have total development potential of 20,000 square feet.
The average sale price per buildable square foot is $167.
The estimated cap rate is 5.9%
The last time the property sold was June 09, 2010, for $1,625,000.

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

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