Lenny Vayner Purchases Mixed-Use Building At 125-129 Brighton Beach Avenue For $6.6M

The property asset involved in the transaction is a mixed-use building located at 125-129 Brighton Beach Avenue in Brooklyn. This asset comprises 7 commercial units and has a total square footage of 9,500. The property was sold at a transaction price of $6,600,000, resulting in a price per unit of $942,857 and a price per square foot of $694.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $6,600,000
• Units: 7
• Square Footage: 9,500
• Price per Unit: $942,857
• Price per Square Foot: $694
• Buyer: Lenny Vayner
• Seller: Felix Bendersky
• Broker: Evmorfea Maria Savidis - Morsav & Inc.

This transaction was facilitated by broker Evmorfea Maria Savidis from Morsav & Inc., who emphasized the complexity of the investment profile due to the corner positioning and multiple tenants involved. The broker's deep familiarity with the Brighton Beach Avenue corridor was instrumental in achieving a successful closing for the clients. Savidis expressed enthusiasm about continuing to build momentum in the Brooklyn market, highlighting the potential for lucrative opportunities in similar properties.