Mark Guindi Acquires Mixed-Use Property At 179 Avenue U In Brooklyn For $1,536,000

This mixed-use property, located at 179 Avenue U in Brooklyn, was transacted for a price of $1,536,000. The asset spans 3,800 square feet, resulting in a price per square foot of $404.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,536,000
• Buyer: Mark Guindi
• Seller: Jared Bernstein & Louis Silverman - G4 Development
• Brokers: Shaun Riney, Michael Salvatico & Daniel Greenblatt - Marcus & Millichap

Marcus & Millichap's New York Multifamily Team successfully sourced an end user for this mixed-use property, enabling a successful outcome for both parties involved in the transaction. The seller achieved a price exceeding investor expectations, while the buyer obtained office space for their team.