Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Sells Mixed-Use Building in Bay Ridge

04/10/2015

A mixed-use building at 8309 Third Avenue, located between 83rd and 84th Streets in Brooklyn’s Bay Ridge neighborhood, was sold in all-cash transaction valued at $1,450,000. 

The three-story building contains approximately 2,964 square feet and sits on a 19.08’ x 80’ lot.  It consists of a ground floor retail unit and floor-through, two-bedroom units on each the second and third floors.  The sale price equates to approximately $489 per square foot.

This property is conveniently located four blocks from the 86th Street R train station, three blocks from the B16 bus stop, and across the street from the B37 bus stop.

“The transaction was smooth and quick.  A 1031 buyer purchased the property and the seller was pleased with our process and the sales price,” said Cushman & Wakefield’s Aaron Warkov, who exclusively represented the seller in this transaction with John Ciraulo and Hunter L. Moss.  “Our marketing process proved to maximize value by achieving a price far beyond any comparable sales in the neighborhood,” added Moss.  The buyer was represented by Alan Ng of House N Key Realty. 

04/10/2015 - 14:00

Source

Cushman & Wakefield Capital Markets Group New York

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