JLL Capital Markets arranged the $28-million sale of 423 88th St., a 186,584-square-foot commercial property in Bay Ridge, Brooklyn, that previously housed a Century 21 home store.
A JLL team including Ethan Stanton, Jeffrey Julien, Brendan Maddigan and Michael Mazzara arranged the transaction on behalf of ASG Equities, the New York-based family office of the Gindi family. The same team arranged the sale of 458 86th St. to a joint venture of MCB Real Estate and Osiris Ventures in July 2025. The buyer was the Abed Family, represented by Michael Feratovic of Specialized Realty Group.
Situated between 88th and 87th streets and 4th and 5th avenues, the structure contains 62,792 square feet of commercial space spread across three floors as well as 123,729 square feet of parking spread across six stories and two roof decks. The first-floor ceiling height is 22.5 feet, and the second-floor ceiling height is 18 feet.
The post JLL Arranges Sale of Former Century 21 Site in Bay Ridge appeared first on Connect CRE.
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