
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.”
- ◦Sale