Abe Betesh And Joey Betesh Acquire Mixed-Use Building At 822 Broadway For $2.06M

The property involved in this transaction is a mixed-use building located at 822 Broadway in Brooklyn. The closing price was $2,060,000, representing a valuation of $494 per square foot for the 4,169 square foot structure. This free market property includes three renovated apartments and a retail space that is long-term leased to Little Caesars, situated at the border of Bushwick and Williamsburg.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,060,000
• Address: 822 Broadway
• Market: Brooklyn
• Square Footage: 4,169
• Price Per Square Foot: $494
• Cap Rate: just under 7%
• Buyer: Abe Betesh & Joey Betesh - Abeco Management
• Broker: Fred Bijou - Bijou Equities

This transaction was facilitated by Fred Bijou of Bijou Equities, who represented both the seller and the buyer in this deal. For similar deals, interested parties are encouraged to reach out to Fred Bijou directly.