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Real Estate Stats for Brooklyn and Clinton Hill, 2011

January 2, 2012

Arias Park Slope Sold for $57.9 million

According to a popular Brooklyn blog, the largest commercial property sale in Brooklyn during 2011 was the $123.9 million sale of a group of self-storage buildings in the Gravesend, East New York, Bedford-Stuyvesant and Clinton Hill neighborhoods. The purchase was made by the real estate investment trust CubeSmart from Storage Deluxe. The sale took place in October.

The second largest sale was of a luxury rental building on 150 Fourth Avenue in Park Slope. The purchase was made by Invesco Real Estate, which is an independent investment management company, for $57.9 million. The building, called Arias Park Slope, was sold by its developer Iconic Group.

What may have been the largest real estate sale in the history of Sheepshead Bay was for $28.5 million for the Super Stop & Shop on 1702 Avenue Y.


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