Balkar Singh Purchases Industrial Property From Ricardo Garced For $1.725M In East New York

The industrial property located at 742 Liberty Avenue in East New York, Brooklyn, has been sold for $1,725,000. The asset encompasses a total area of 7,109 square feet, resulting in a price per square foot of $242.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,725,000
• Address: 742 Liberty Avenue
• Market: East New York, Brooklyn
• Square Footage: 7,109
• Price Per Square Foot: $242
• Buyer: Balkar Singh
• Seller: Ricardo Garced
• Brokers: Derek Bestreich, Steve Reynolds & Michael Murphy - Investment Property Realty Group (IPRG)

Derek Bestreich, Steve Reynolds, and Michael Murphy represented the seller in this transaction, facilitating the sale through their agency, Investment Property Realty Group (IPRG). The deal highlights the involvement of experienced brokers in securing the transaction between the buyer and seller.