Siulun Sze Acquires Mixed-Use Property On Myrtle Avenue In Bushwick For $5.38M

Located in the vibrant neighborhood of Bushwick, the mixed-use property at 1396-1410 Myrtle Avenue has recently changed ownership. The property spans approximately 24,000 square feet and features a diverse range of uses. The transaction was finalized on October 8, 2021, with a sale price of $5,380,000. This equates to a price per square foot of $224, highlighting the value of the asset.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,380,000
• Square Footage: 24,000
• Address: 1396-1410 Myrtle Avenue
• Market: Bushwick

The buyer of the property is Siulun Sze, who acquired it from the seller, Frank Fabrico. Facilitating the transaction was Rich Velotta from Raven Property Advisors, who represented both parties in the deal. Their expertise and guidance ensured the smooth completion of the sale.

This transaction represents a significant move in the Bushwick real estate market. The acquisition of this mixed-use property by Siulun Sze demonstrates the continued interest in this neighborhood's diverse offerings. As the area continues to undergo development and revitalization, this purchase serves as a testament to the appeal and potential of the Bushwick market.