Wonderfeng Realty Development pays $2.3M for mixed-use property in Sheepshead Bay

Wonderfeng Realty Development LLC paid Edward Alfaks and Salim Mann’s 1761 E 12 LLC $2.3 million for 1761 East 12th Street in Sheepshead Bay. The deal closed on April 9, 2020, and was recorded on April 17, 2020. The transaction consists of 1 parcel, including the tax class office building with residential apartments (O8). The property is 4,154 square feet. The parcel(s) have total development potential of 13,933 square feet.
The average sale price per square foot is $167.

The last time the property sold was July 30, 2018, for $2,100,000.

Direct link to Acris document. link
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