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Rivky Brach Acquires Mixed-Use Buildings In Bedford Stuyvesant For $3.7 Million

Property Image
SOLD
$3,700,000

New York

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Mixed-use22,400 SF
Sold 10/09/2024
the dealdetailscomps
Property Image
SOLD

Rivky Brach Acquires Mixed-Use Buildings In Bedford Stuyvesant For $3.7 Million

684b Myrtle Avenue & 684 Myrtle Avenue

See Similar Deals
Mixed-use22,400 SF
Sold 10/09/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$165
Total Square Footage:22,400 SF
Transaction Type:Sale

The transaction involves two six-unit mixed-use buildings located at 684B Myrtle Avenue and 684 Myrtle Avenue in the Bedford Stuyvesant market of Brooklyn. The total sale price was $3,700,000, with a building square footage (BSF) of 14,068 and a price per building square foot (PPBSF) of $263. The total square footage (SF) of the properties is 11,200, resulting in a price per square foot (PPSF) of $330.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,700,000
  • Buyer: Rivky Brach
  • Seller: Mordechai Spira
  • Market: Bedford Stuyvesant, Brooklyn
  • Building Square Footage: 14,068
  • Price per Building Square Foot: $263
  • Total Square Footage: 11,200
  • Price per Square Foot: $330

Rivky Brach, representing Myrtle Woods 684 LLC, acquired the properties from seller Mordechai Spira. This deal involved two buildings that offer a mix of residential and commercial spaces, highlighting the buyer's strategic investment in Brooklyn's growing real estate market.

Details

SOLD
IMAGE: 10/09/2024 ADDRESS: 684B Myrtle Avenue & 684 Myrtle Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Mixed-use BUYER: Rivky Brach SELLER: Mordechai Spira SALE PRICE: $3,700,000 BSF: 14,068 ~ PPBSF: $263 SF: 11,200 ~ PPSF: $330 NOTE: Rivky Brach, through Myrtle Woods 684 LLC, acquired two six-unit mixed-use buildings at 684B and 684 Myrtle Avenue in Bedford Stuyvesant, Brooklyn, for $3.7 million from Mordechai Spira.

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