Doe Fund Acquires Retail Property In Brownsville, Brooklyn For $6.5M

The property involved in this transaction is a retail asset located at 794 Rockaway Avenue in Brownsville, Brooklyn. The sale took place on December 13, 2022, with a sale price of $6,500,000. The building has a total square footage of 9,612, resulting in a price per square foot of $676. The buyer was the Doe Fund, and the seller was Ramzey Ahmad. The property's price per buildable square foot is $101, based on a buildable square footage (BSF) of 64,555.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,500,000
• Market: Brownsville, Brooklyn
• Address: 794 Rockaway Avenue
• Buyer: Doe Fund
• Seller: Ramzey Ahmad
• Square Footage: 9,612
• Price per Square Foot: $676
• Buildable Square Footage (BSF): 64,555
• Price per Buildable Square Foot (PPBSF): $101

Throughout this transaction, the Doe Fund acted as the buyer, acquiring the retail property located at 794 Rockaway Avenue from the seller, Ramzey Ahmad. The sale price of $6,500,000 reflects a price of $676 per square foot for the 9,612 square feet of space. Furthermore, the property's buildable square footage is 64,555, resulting in a price per buildable square foot of $101.