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

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.