Mohammad Bhutta Acquires Mixed-Use Property From Eleanor Leonard In Brooklyn For $1.45M

The property asset involved in this transaction is a mixed-use building located at 667 Coney Island Avenue in Brooklyn. The building has a total square footage of 4,320 and was sold for a price of $1,450,000, translating to a price per square foot of $335.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,450,000
• Address: 667 Coney Island Avenue
• Market: Brooklyn
• Square Footage: 4,320
• Price per Square Foot: $335
• Buyer: Mohammad Bhutta
• Seller: Eleanor Leonard
• Broker Representatives: Shaun Riney & Daniel Greenblatt - Marcus & Millichap

The transaction was facilitated by the New York Multifamily Team, which accepted an offer within 30 days through a competitive marketing process. The asset had a commercial tenant who was in default and not paying rent.