Ira Ohebshalom Acquires Mixed-Use Property In Borough Park For $1.26M

Located in Borough Park, Brooklyn, the property at 4012 14th Avenue was recently sold in a mixed-use transaction. The sale was completed on 12/06/2021, with a sale price of $1,265,000. The property spans 3,640 square feet, resulting in a price per square foot of $347.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $1,265,000
• Address: 4012 14th Avenue, Borough Park, Brooklyn
• Market: Borough Park, Brooklyn

The buyer in this transaction was Ira Ohebshalom, while the seller was the Popovici Family. The sale was facilitated by John Brennan and Matt Dittmeier from Marcus & Millichap, who represented both parties involved. Additionally, Kenneth Volandes served as the seller's attorney.

The Brennan Team of Marcus & Millichap, along with Kenneth Volandes, Esq., successfully closed this sale in Borough Park. The transaction was mutually beneficial, allowing the seller to exit the property while finding the right buyer. The buyer plans to renovate the free-market units and aims to achieve a 6.5% cap rate. If you're interested in similar deals, feel free to contact John Brennan at 718-475-4373 or Matt Dittmeier at 718-475-4337.