Dry Creek Capital Partners Sells Retail Condominium And Community Facility In Brooklyn For $16.5M
The property involved in this transaction is a retail asset located at 350 6th Avenue in Brooklyn. It consists of a Ground Floor Retail Condominium space and a Second Floor Community Facility space. The sale price for this property was $16,500,000, encompassing a total square footage of 16,500, which translates to a price per square foot of $1,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Address: 350 6th Avenue
- Market: Brooklyn
- Square Footage: 16,500
- Price Per Square Foot: $1,000
- Seller: Dry Creek Capital Partners
- Broker: Matthew Marshall – Marshall Real Estate
The deal was facilitated by Matthew Marshall, representing the seller, Dry Creek Capital Partners. The transaction successfully included both the retail and community facility spaces within the property, reflecting a comprehensive approach to the asset’s marketability.
DATE: 01/14/2025
ADDRESS: 350 6th Avenue
MARKET: Brooklyn
ASSET TYPE: Retail
SELLER: Dry Creek Capital Partners
BROKER: Matthew Marshall (@MRENYC) – Marshall Real Estate
SALE PRICE: $16,500,000 SF: 16,500 ~ PPSF: $1,000 NOTE FROM BROKER: Deal included both the Ground Floor Retail Condominium space and the Second Floor Community Facility space.