Maria Lombardi Acquires Mixed-Use Property At 120 Ralph Avenue From Niomi Gilad For $1.2M

The mixed-use building at 120 Ralph Avenue, located in Brooklyn’s Bed-Stuy neighborhood, has been sold for $1,200,000. The property encompasses a total area of 2,600 square feet, translating to a price per square foot of $461. The asset is comprised of two renovated floor-through 2-bedroom apartments and a retail store, and it was fully occupied at the time of closing.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,200,000
• Buyer: Maria Lombardi
• Seller: Niomi Gilad
• Broker Representatives: Peter Matheos & Isaiah Thomas - Matheos Realty Group

Matheos Realty Group represented the seller, Niomi Gilad, in this transaction, facilitating the sale process and ensuring a smooth transition for the fully occupied mixed-use property.