Located in the vibrant neighborhood of Williamsburg, the mixed-use property at 303 Bedford Avenue recently changed hands in a closed transaction. The property spans a total area of 2,885 square feet, offering a versatile space for residential and commercial purposes. The transaction took place on January 25, 2022, with a sale price of $3,100,000. This translates to a price per square foot (PPSF) of $1,074, reflecting the desirability and value of the property in the Williamsburg market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,100,000
• Address: 303 Bedford Avenue
• Market: Williamsburg
• Square Footage: 2,885

The seller of the property was Alfredo Gongora, who successfully completed the deal. Representing the seller in the transaction were Shaun Riney, Mike Salvatico, and Sam Leppo from the renowned real estate firm, Marcus & Millichap. Their expertise and negotiation skills played a vital role in ensuring a smooth and successful transaction for their client.

It is worth noting that the property went into contract on As-Is terms with a retail tenant who was 24 months in arrears. This circumstance did not hinder the sale, further highlighting the attractiveness of the property to buyers in the market.