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JAG Management has acquired an 8,000-square-foot Chase Bank located in Bensonhurst, Brooklyn for $10.2 million from Crown 18th Avenue. The property is situated at 6501 18th Ave, near the intersection of 18th Ave and 65th St in Bensonhurst which is home to several national retailers such as Target, Starbucks, Chipotle and Five Below.

A team led by Alan Cafiero along with Eric Anton Nelson Lee David Cafiero and John Horowitz represented the seller while facilitating procurement of the buyer through Marcus & Millichap. “Our marketing generated multiple offers on this property that allowed us to source a local buyer who saw potential for stable income today as well as significant future upside,” said Cafiero.