Ali Ghaleb Acquires Retail Space At 1784 Utica Avenue Brooklyn From Philip Russo For $3M

The property located at 1784 Utica Avenue in the Brooklyn market is a retail asset with a total square footage of 6,878. It was sold for a price of $3,000,000, which equates to a price per square foot of $436.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,000,000
• Square Footage: 6,878
• Price per Square Foot: $436
• Buyer: Ali Ghaleb
• Seller: Philip Russo
• Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Mike Horne & Steven Winters - Ripco
• Date of Sale: 01/15/2025

The transaction involved multiple brokers representing the seller and buyer, with Stephen R. Preuss Sr., Kevin Schmitz, Mike Horne, and Steven Winters from Ripco facilitating the deal. Their collaboration contributed to the successful completion of this retail property transaction.