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The Chen Family Acquires Mixed-Use Property In Prospect Heights For $1.52M

Property Image
SOLD
$1,520,000
Mark Zarrella
Shaun Riney
+ 1

New York

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Mixed-use3,039 SF
Sold 12/23/2021
the dealplayerscompscontact
Property Image
SOLD

The Chen Family Acquires Mixed-Use Property In Prospect Heights For $1.52M

770 Washington Avenue, Brooklyn, NY 11238

See Similar Deals
Mixed-use3,039 SF
Sold 12/23/2021
Mark Zarrella
Shaun Riney
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$500
Total Square Footage:3,039 SF
Transaction Type:Sale

The mixed-use property located at 770 Washington Avenue in Prospect Heights has been sold in a recent transaction. The property is zoned as R6A and C1-4 and spans a total of 3,039 square feet. The asset consists of both residential and commercial spaces, offering a diverse range of potential uses. The transaction took place on December 23, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,520,000
  • Market: Prospect Heights
  • Built Square Footage: 2,547
  • Price per Built Square Foot: $596
  • Land Square Footage: 3,039
  • Price per Land Square Foot: $500

The buyer in this transaction is the Chen Family, while the seller is Adam Semler. The deal was facilitated by brokers Andrew Bronsteen, Shaun Riney, and Mark Zarrella, who represented both parties in the transaction. The brokerage firm responsible for the deal is Marcus & Millichap.

Players

Andrew Bronsteen
64 deals$257.5M volume
BROKER

Mark Zarrella
Marcus & Millichap
38 deals$262.2M volume(718) 475-4376
BROKER

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

BUYER

11 deals$51.2M volume
SELLER

Details

SOLD
IMAGE: Shaun Riney, Andrew Bronsteen & Mark Zarrella DATE: 12/23/2021 ADDRESS: 770 Washington Avenue MARKET: Prospect Heights ASSET TYPE: Mixed-use ~ ZONING: R6A, C1-4 BUYER: The Chen Family SELLER: Adam Semler BROKERS: Andrew Bronsteen (@BkBronsteen), Shaun Riney (@ShaunRiney1) & Mark Zarrella (@MarkZarrella) - Marcus & Millichap SALE PRICE: $1,520,000 BSF: 2,547 ~ PPBSF: $596 SF: 3,039 ~ PPSF: $500

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