The New Coney Island - Brooklyn's Times Square by the Sea

Sunday, January 25, 2015

Real Deal - Schron bought 614 Sheepshead Bay Road for $18.1 million

This is where the the current tenants of Trump Village Shopping Center are likely to be moving as discussed at the Lincoln High School meeting this past week. I am surprised at the high price. Will they be expanding density here as well?

Real Deal excerpt -

Rubin Schron’s Cammeby’s International purchased a commercial building at 614 Sheepshead Bay Road in Coney Island for $18.1 million. The nearly 25,000-square-foot building, located between 6th and 8th Streets, housed a single retail unit. The property can be developed up to 55,280 square feet. The seller is listed as 614 Sheepshead Bay Rd. LLC. No new permits have been filed for the building, but Schron filed permits last week for a massive Coney Island development project just across the street at 532 Neptune Avenue that call for a 40-story, 544-unit mixed-use tower.

 http://therealdeal.com/blog/2015/01/20/heres-what-the-10m-20m-nyc-investment-sales-market-looked-like-last-week-5/

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