A 20,475-square-foot freestanding retail building at 3460 Nostrand Ave. in Brooklyn, New York, traded hands between private investors for $5.125 million, or $250.31 per square foot. The transaction was structured as a 1031 exchange and included a lease option at the time of sale.
Brooklyn retail building sells in 1031 exchange
Fitness operator commits to 25-year lease at property post-sale
By Brandon Woolridge with
September 16, 2026 | 7:44 P.M.
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IN THIS ARTICLE
- Properties
- Contacts
- Maurice Molcho
Real Estate Associate Broker, Molcho Realty Group
- Josh Augenbaum
President, Augenbaum Realty Corp.
- Ron Molcho
Broker/Owner, Molcho Realty Group