Vjm700, LLC paid $5M to Mpr Properties LLC

Vjm700, LLC paid Mpr Properties LLC $5.0 million for 1 parcel, including the tax class semi-fireproof manufacturing building (F4) at 847 Shepherd Avenue in East New York. The deal closed on August 09, 2019 and was recorded on August 22, 2019. The parcel(s) have total development potential of 20,000 square feet.
The average sale price per square foot is $250.
The estimated cap rate is 3.6%

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

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