The transaction involved a retail property located at 1 Powers Street, also known as 380 Union Avenue, in Williamsburg, Brooklyn. The asset sold for $3,705,000 and has a total square footage of 4,126. This retail condo is fully leased and operates on a NN lease structure, indicating a net lease where the tenant pays most of the property expenses.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,705,000
• Square Footage: 4,126
• Price Per Square Foot: $897
• Buyer: Azpurua Family
• Broker: Fred Bijou - Bijou Equities
• Date of Transaction: 1/22/2026
• Market: Williamsburg, Brooklyn

This transaction was facilitated by Fred Bijou from Bijou Equities, who represented the deal. The closing highlighted a 1031 exchange buyer, reflecting strong market demand for credit-tenant retail properties in sought-after Brooklyn locations. Bijou Equities indicated an active interest in selling stabilized retail assets or assisting in 1031 replacement opportunities.