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Brooklyn Mixed-Use Property Sold for $470/SF

Investor Acquires 2,340 SF at 519 Atlantic
By Brian Barnes
August 10, 2005 | 4:09 P.M.

Cap rates for Outer Borough assets remain at a record low. The sale of 519 Atlantic Ave., a three-story building with two apartments and a ground-level store, occurred at a cap rate that barely exceeded 5%.

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