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Deals & Dealmakers Retail

Medics buys new Boerum Hill retail condo

The CPEX Retail Investment Sales Team sold a retail condominium at 440 Atlantic Avenue in Brooklyn.

440 Atlantic Avenue
440 Atlantic Avenue

Located two blocks from the Barclays Center in Boerum Hill, the property sold for $3.25 million, or $1,142 psf.

440 Atlantic Avenue is a newly built retail condo that was completed at the end of 2014. The space consists of 2,846 s/f of ground floor retail space, and 1,910 s/f of cellar space.

CPEX’s Retail Sales Team, consisting of Andre Sigourney and Harrison Balisky, represented the seller, Barrett Design, in the transaction. CPEX also procured the buyer, a medical office user.

“It is no surprise that we received a tremendous level of interest for this retail condo,” said Sigourney. “Investors continue to bet on the rapid growth in retail rents along primary Brooklyn retail corridors.”

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