Marantz Family Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.2M

The mixed-use property located at 14 Bedford Avenue in Williamsburg, Brooklyn has been sold in a closed transaction. The property spans 2,700 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $1,185. The sale was facilitated by Marcus & Millichap, with Shaun Riney, Michael Salvatico, and Samuel Leppo representing the seller and Chris Cavorti from Corcoran serving as the buyer's representative.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $3,200,000
• Address: 14 Bedford Avenue, Williamsburg, Brooklyn
• Square Footage: 2,700
• Price per Square Foot: $1,185

This successful transaction marks the second property sold at the full asking price by Marcus & Millichap on behalf of the seller. The deal closed within a 30-day timeframe, with the buyer opting for an all-cash, as-is transaction. It is worth noting that the retail tenant of the property holds a long-term lease agreement below the current market rates.