Elya Brisk Acquires Retail Property In Borough Park, Brooklyn For $5.4M

The retail property located at 4013 13 Avenue in Borough Park was sold on December 29, 2020. The property has a zoning classification of R6 and C1-3, allowing for retail use. The property spans a total of 18,576 square feet, with a price per square foot of $292. The transaction was completed for a total amount of $5,425,000. The previous sale of the property took place on March 2015, with a price of $3,625,000.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,425,000
• Address: 4013 13 Avenue, Borough Park
• Market: Borough Park
• Zoning: R6, C1-3
• Square Footage: 18,576
• Price per Square Foot: $292
• Buyer: Elya Brisk
• Seller: Thomas Liebermann
• Last Sale Price: $3,625,000 (03/2015)

Elya Brisk acted as the buyer in the transaction, while Thomas Liebermann served as the seller. The sale of the retail property signifies a significant investment in the Borough Park market, as the property offers ample space for retail use. The buyer and seller successfully negotiated a sale price of $5,425,000, reflecting the value of the property based on its square footage and market conditions. This transaction marks a notable increase in value compared to the previous sale in March 2015, which had a sale price of $3,625,000.