Smuel Wallerstein paid $21M to Albert Srour

Smuel Wallerstein through the entity 210 Clarkson Owner LLC paid Albert Srour’s Clarkson 210 LLC $20.5 million for 1 parcel, including the tax class two-story or store and office (K2) at 218 Clarkson Avenue in Flatbush. The deal closed on August 13, 2019 and was recorded on August 20, 2019. The parcel(s) have total development potential of 142,560 square feet.
The average sale price per square foot is $221.
The estimated cap rate is 2.0%
The last time the property sold was November 26, 2008, for $4,950,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 01, 2013.

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