Derby Copeland Capital Makes Carroll Gardens Acquisition
Cushman & Wakefield has arranged the sale of 494 Henry St., a 4,000-square-foot mixed-use building in Brooklyn’s Carroll Gardens neighborhood. The final sale price was $3,100,000, equating to $775 per square foot.
The firm’s Robert Burton, Dan O’Brien, Caroline Hodes, Bobby Carrozzo and Casey Begoon represented the seller in the transaction. Derby Copeland Capital acquired the property.
“This property is positioned in Carroll Gardens, one of the most desirable communities in Brooklyn,” said O’Brien. “It was a prime value-add opportunity in a neighborhood known for its popular restaurants, mom and pop stores, highly regarded public schools and tight knit community.”
At Derby Copeland, managing partner Jesse Hutcher said, “There were a lot of factors to consider when we were deciding to purchase this property. It ultimately came down to the ability to acquire a property on a charming street in a supply-constrained market.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!