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Newly Built Retail Property in Brooklyn Fetches $13.9 Million

L+M Development Partners Sells 95% Leased Crown Heights Property
The 61,230-square-foot retail building in Brooklyn is anchored by Blink Fitness. (CoStar)
The 61,230-square-foot retail building in Brooklyn is anchored by Blink Fitness. (CoStar)
By LaTora Ellis
CoStar Research
March 6, 2020 | 5:04 P.M.

Full service investment firm L+M Development Partners has sold a 99-year leasehold interest at 250 Utica Ave. in Brooklyn, New York’s Crown Heights neighborhood for $13.93 million.

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