Misha Morse-Buch Acquires Mixed-Use Property On Fifth Avenue In Brooklyn For $2,540,000

4002 Fifth Avenue is a mixed-use property located in Brooklyn, comprising 4 apartments and 2 commercial spaces. The sale was concluded for $2,540,000, translating to a price per unit of $423,333. The property spans 4,972 square feet, resulting in a price per square foot of $510.

Summary of transaction details:

• Property Type: Mixed-use (4 Apartments & 2 Commercial Spaces)
• Transaction Amount: $2,540,000
• Units: 6
• Price Per Unit: $423,333
• Square Footage: 4,972
• Price Per Square Foot: $510
• Buyer: Misha Morse-Buch
• Seller: Larry Ostrowsky
• Buyer's Representative: Daniel Tropp - AEBOV Industrial Real Estate Brokerage
• Seller's Representative: John Brennan - Marcus & Millichap

Daniel Tropp of AEBOV Industrial Real Estate Brokerage represented the buyer in this transaction, while John Brennan of Marcus & Millichap represented the seller. The deal was marked by a collaboration between the representatives, facilitating a 30-day all-cash close. The seller achieved premium pricing for a property held for several decades, and the buyer obtained a corner mixed-use property designated for a cannabis dispensary business.