$1,020-Per-SF for Brownsville Retail at 441 Rockaway Ave.

A private investor paid $7.7 million for a 7,500-square-foot retail property leased to Planet Fitness at 441 Rockaway Ave. in the Brownsville neighborhood of Brooklyn.

That works out to a record-breaking price of $1,020 per square foot.

“The seller added significant value to the property that only a Class-A sponsor could, and can now reutilize the capital for a new opportunity,” said Ilya Gamer, director of Eastern Consolidated, who arranged the off-market transaction.

The seller, Crown Acquisitions, was advised by its in-house representative, Isaac Mograby. Alexandra Rossland represented the buyer, a private investor.

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