For the area, it's a enormous record selling price and it was an all cash transaction." Said Chris Pepe, The President & Lead Broker of NC Pepe Corp.
Brooklyn, NY (PRWEB) November 28, 2014
NC Pepe Corp officially announces the sale of 227 Leonard Street, Brooklyn, NY.
"It's significant because of what the property is selling for and the type of property of being sold – which is legally a two bedroom apartment over a warehouse property. For the area, it's a enormous record selling price and it was an all cash transaction." Said Chris Pepe, The President & Lead Broker of NC Pepe Corp.
Chris Pepe and three of NCPepeCorp's top agents Randy Moore, Jordan Malken, & Krystof Kardasz represented the sellers with Tungsten Properties representing the buyer.
More details about the transaction can be found here:
Listed at $1.899mm the actual sale price is over asking at $1.970mm - almost double the COMP value. It's $985 per foot on the existing property SF and $457 per SF Buildable. The average price per foot buildable in this area is approximately $275 per foot for this location.
For more information about Chris Pepe, please contact Goldman & McCormick PR at 516-901-1103
About Chris Pepe
Chris Pepe is The President & Lead Broker of NC Pepe Corp (http://www.peperealestate.com). Founded in 1929, NCPepe Corp offers residents and landlords in the area a complete line of real estate, mortgage and insurance brokerage services.