Maroni Family Acquires Mixed-Use Property On Bedford Avenue In Williamsburg For $6.025M

Located in Williamsburg, Brooklyn, the mixed-use property at 116 Bedford Avenue recently changed hands in a sale transaction. The property is situated in a R6A, C1-4 zoned area, offering versatile potential for various uses. The transaction took place on 12/23/2021, with a sale price of $6,025,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,025,000
• Address: 116 Bedford Avenue
• Market: Williamsburg, Brooklyn
• Asset Type: Mixed-use
• Zoning: R6A, C1-4

The buyer of the property is The Maroni Family, while Brooklyn Standard acted as the seller in the transaction. Representing the buyer, The Maroni Family, were Mike Salvatico, Shaun Riney, and Sam Leppo of Marcus & Millichap brokerage. They successfully facilitated the deal, ensuring a smooth transaction for all parties involved.

With a total area of 6,735 square feet, the property offers a spacious environment for various purposes. The price per square foot (PPSF) for this transaction was calculated to be $895. The sale of 116 Bedford Avenue demonstrates the ongoing demand for mixed-use properties in Williamsburg, Brooklyn.