Ingram & Hebron Realty sells two Brooklyn properties for $13.8 million

Brooklyn NY Ingram & Hebron Realty represented buyer and seller in this estate sale comprising two buildings on Coney Island Ave. in the Sheepshead Bay neighborhood. Due to interest in the portfolio, the sales prices ended up exceeding the asking prices.

2533 Coney Island Ave., a 25,000 s/f private school sold for $9.25 million at a cap rate of 5 and 2525 Coney Island Ave., a branch of the Brooklyn Public Library sold for $4.55 million at a cap rate of 4.5. The buyer has requested to remain private.

Robert Hebron IV, Rob Hebron, and Bosko Stankovic of Ingram & Hebron were the brokers involved.

Ingram & Hebron Realty has leased hundreds of thousands of s/f of office and retail space in Brooklyn and has sold over 600,000 s/f of buildings and $50 million of land and buildings for redevelopment in Brooklyn.