Investment Property Realty Group Brokers $4M Sale Of Retail And Office Units In Bed-Stuy

The property at 1197 Fulton Street in the Bed-Stuy area of Brooklyn consists of one retail unit and one office unit, encompassing a total of 17,766 square feet. The asset was sold for a price of $4,000,000, equating to a price per square foot of $225 and a price per unit of $2,000,000.

Summary of transaction details:

• Property Type: Commercial (1 Retail & 1 Office Unit)
• Transaction Amount: $4,000,000
• Square Footage: 17,766 SF
• Price Per Square Foot: $225
• Units: 2
• Price Per Unit: $2,000,000

Key individuals involved in this transaction include Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Noah Middlekauff, and Joe Moravec, who are all representatives from Investment Property Realty Group (IPRG).