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Bedstuy Capital Partners Sells Mixed-Use Building In Stuyvesant Heights For $1.88M

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SOLD
$1,885,000

New York

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Mixed-use5,250 SF
Sold 09/08/2023
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Property Image
SOLD

Bedstuy Capital Partners Sells Mixed-Use Building In Stuyvesant Heights For $1.88M

455 Marcus Garvey Boulevard

See Similar Deals
Mixed-use5,250 SF
Sold 09/08/2023
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$359
Total Square Footage:5,250 SF
Transaction Type:Sale

A mixed-use building located at 455 Marcus Garvey Boulevard in Stuyvesant Heights, Brooklyn has been sold for $1,885,000. The property spans 5,250 square feet and has a price per square foot of $359. It consists of 4 residential units totaling 2,750 square feet and 2 retail spaces occupying 2,500 square feet. The building is situated in the historic district of Bedford-Stuyvesant and is in need of significant renovation.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,885,000
  • Address: 455 Marcus Garvey Boulevard, Stuyvesant Heights, Brooklyn
  • Market: Stuyvesant Heights, Brooklyn
  • Square Footage: 5,250
  • Price Per Square Foot: $359

DJ Johnston, a representative from B6 Real Estate Advisors, acted as the seller's broker in this transaction. The seller, Bedstuy Capital Partners, was represented by Sinai Sassouni. Jeffrey R. Homapour served as the seller's attorney.

The closing of 455 Marcus Garvey Boulevard illustrates the successful negotiation conducted by Bedstuy Capital Partners, who were able to secure a sale price of $1,885,000. The sale price exceeded the previous transaction price of $1,450,000. DJ Johnston, the seller's representative, is available for inquiries or any related questions at 914-584-7422.

Players

DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER


7 deals$15.4M volume
SELLER

7 deals$15.4M volume
SELLER

7 deals$15.4M volume
SELLER

Details

SOLD
IMAGE: Sinai Sassouni & DJ Johnston DATE: 09/08/2023 ADDRESS: 455 Marcus Garvey Boulevard MARKET: Stuyvesant Heights, Brooklyn ASSET TYPE: Mixed-use BUYER: Lance Colyer SELLER: Bedstuy Capital Partners - Sinai Sassouni (@SjSassouni) SELLER'S REP: DJ Johnston (@B6RealEstate_JohnstonTeam) - B6 Real Estate Advisors (@B6RealEstate) SELLER'S ATTORNEY: Jeffrey R. Homapour (@JeffHomapour) SALE PRICE: $1,885,000 SF: 5,250 ~ PPSF: $359 NOTE FROM BROKER: We exclusively represented the seller on the closing of 455 Marcus Garvey Boulevard, a corner mixed-use building in need of significant renovation, located in the historic district of Bedford-Stuyvesant. The last sale price was $1,450,000 and we transacted at $1,885,000 or $359 per above grade SF (5,250 SF). The building offered 4 residential units (2,750 SF) and 2 retail spaces (2,500 SF). If you own a similar building or have questions relating to this transaction reach out directly - DJ Johnston, 914-584-7422.

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