Nalcorp, Clipper Equity Buy Coney Island Oceanfront Development Site for $20M
Fancy a trip to the Boardwalk? A pair of New York-based real estate development and investment firms — Nalcorp and Clipper Equity — have acquired a land parcel at 2015 Boardwalk West, an oceanfront development in Coney Island, Brooklyn, from seller Bath Site LLC for $20 million,…
Fancy a trip to the Boardwalk? A pair of New York-based real estate development and investment firms — Nalcorp and Clipper Equity — have acquired a land parcel at 2015 Boardwalk West, an oceanfront development in Coney Island, Brooklyn, from seller Bath Site LLC for $20 million,…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine real estate acquisition involving a $20 million oceanfront development site, representing ordinary business activity with limited broader credit-market impact or novelty.
Sources
Commercial Observer
Nalcorp, Clipper Equity Buy Coney Island Oceanfront Development Site for $20M
Fancy a trip to the Boardwalk? A pair of New York-based real estate development and investment firms — Nalcorp and Clipper Equity — have acquired a land parcel at 2015 Boardwalk West, an oceanfront development in Coney Island, Brooklyn, from seller Bath Site LLC for $20 million,…