Wyckoff Ave Family Purchases Mixed-Use Building In Brooklyn From Cristian Diaz For $1.1M

The property asset involved in this transaction is a mixed-use building located at 816 Wyckoff Avenue in Brooklyn. The building comprises one commercial unit and two residential units, encompassing a total square footage of 4,160. The sale price was recorded at $1,100,000, resulting in a price per unit of $366,666 and a price per square foot of $264.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,100,000
• Units: 3
• Price Per Unit: $366,666
• Square Footage: 4,160
• Price Per Square Foot: $264
• Buyer: Wyckoff Ave Family
• Seller: Cristian Diaz
• Assignee Rep: David Caba & DJ Johnston - Matthews
• Assignor Rep: Qais Shawabkeh - Deera Realty Group

This transaction highlights the collaboration between Matthews and Deera Realty Group, working together to close a fully free-market, 2-over-1 mixed-use building in Bushwick, Brooklyn. The deal was an assignment of interest, with the assignor being a successful bidder at auction, and the team at Matthews represented the assignee, facilitating the agreement between both parties to complete the transaction.