Altberg Family Acquires Mixed-Use Property In Bushwick For $2.52M

711 Knickerbocker Avenue, located in the Bushwick market, has been sold in a recent transaction. The mixed-use property, with a zoning designation of R6 and C1-3, offers a total of 6,885 square feet of space. The property consists of seven units, including four stabilized apartments and two free-market apartments. Additionally, there is a long-standing deli on the premises. The transaction took place on November 9th, 2021.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $2,520,000
• Price per Square Foot: $366
• Number of Units: 7
• Price per Unit: $360,000

The Altberg Family acquired the property from the Bloom Family. The deal was facilitated by brokers Shaun Riney, Mike Salvatico, Dan Greenblatt, and Michael Kolbus from Marcus & Millichap. For further details on the transaction or inquiries regarding similar properties or property valuations, interested parties can contact Shaun Riney, Dan Greenblatt, or Michael Kolbus.

Please note that this information was provided by @NewYorkMultifamily.