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Klosed Properties Sells Mixed-Use Asset At 507 Myrtle Avenue In Clinton Hill For $4.25M

Property Image
SOLD
$4,250,000
Michael (Mike) Salvatico
Andrew Bronsteen
+ 3

New York

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Mixed-use3,790 SF
Sold 06/04/2025
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Property Image
SOLD

Klosed Properties Sells Mixed-Use Asset At 507 Myrtle Avenue In Clinton Hill For $4.25M

507 Myrtle Avenue

See Similar Deals
Mixed-use3,790 SF
Sold 06/04/2025
Michael (Mike) Salvatico
Andrew Bronsteen
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,121
Total Square Footage:3,790 SF
Transaction Type:Sale

The mixed-use property located at 507 Myrtle Avenue in the Clinton Hill market was sold for $4,250,000. The property encompasses a total square footage of 3,790, resulting in a price per square foot of $1,121.

Summary of transaction details:

This transaction was represented by Ceasar Salama and Marc Sitt of KSR for the buyer, while the seller was represented by Shaun Riney, Andrew Bronsteen, Jason Farese, and Michael Salvatico from Marcus & Millichap, highlighting the collaboration among these key real estate professionals in this deal.

Players

Marc Sitt
64 deals$272.9M volume(917) 757-8863
BROKER

Michael (Mike) Salvatico
Marcus & Millichap
173 deals$787M volume(718) 475-4358
BROKER

Andrew Bronsteen
Marcus & Millichap
64 deals$257.5M volume
BROKER

Ceasar Salama
Kassin Sabbagh Realty
31 deals$374.1M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Jason Farese
Marcus & Millichap
24 deals$84.6M volume(718) 475-4352
BROKER

Klosed Properties
SELLER

Details

SOLD
IMAGE: Ceasar Salama, Marc Sitt, Shaun Riney, Michael Salvatico, Andrew Bronsteen & Jason Farese DATE: 6/4/2025 ADDRESS: 507 Myrtle Avenue MARKET: Clinton Hill ASSET TYPE: Mixed-use SELLER: Klosed Properties (@KlosedProperties) BUYER'S REP: Ceasar Salama (@C_Salama) & Marc Sitt (@Retail.Marc) - KSR (@Kassin_Sabbagh_Realty) SELLER'S REP: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BKBronsteen), Jason Farese (@JrFaresenymf) & Michael Salvatico (@MikeSalvatico) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,250,000 SF: 3,790 ~ PPSF: $1,121

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Debt Service Coverage Ratio (DSCR)

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