Snyder Family Purchases Mixed-use Property From Serge Family For $1,970,000 In Brooklyn

The property located at 343a Tompkins Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn is a mixed-use asset that includes 1 commercial unit and 2 residential units. The property encompasses a total of 3,000 square feet and was sold for $1,970,000, resulting in a price per unit of $656,667 and a price per square foot of $656.

Summary of transaction details:

• Property Type: Mixed-use (1 Commercial & 2 Residential)
• Transaction Amount: $1,970,000
• Units: 3
• Square Footage: 3,000
• Price Per Unit: $656,667
• Price Per Square Foot: $656
• Buyer: Snyder Family
• Seller: Serge Family
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Donal Flaherty - Investment Property Realty Group

IPRG represented the simultaneous retail lease and building sale during this transaction, highlighting the involvement of the brokerage team in both aspects of the deal.