SOLD
Glen Bessner Acquires Mixed-Use Building In South Slope, Brooklyn For $1.75M
461 7th Avenue
Mixed-use
2,400 SF
2,400 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
2,400 sqft
A fully vacant, renovated mixed-use building located at 461 7th Avenue in South Slope, Brooklyn has been sold in a recent transaction. The property was listed for sale without a broker until it was exclusively listed by The Brennan Team of Marcus & Millichap. The sale was facilitated by brokers John Brennan and Matt Dittmeier, who represented the buyer and seller respectively.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Square Footage: 2,400
- Price Per Square Foot: $729
- Market: South Slope, Brooklyn
The buyer in this transaction is Glen Bessner, while the seller is Jim Devereux. The Brennan Team's efforts to secure the exclusive listing resulted in a successful sale to a motivated buyer. The property was ultimately purchased by a 1031 exchange buyer who was willing to pay a premium for the quality of the fully vacant, renovated building.
Note: The property was previously on the market without a broker before The Brennan Team took over the exclusive listing.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: John Brennan & Matt Dittmeier
DATE: 10/28/2021
ADDRESS: 461 7th Avenue
MARKET: South Slope, Brooklyn
ASSET TYPE: Mixed-use
BUYER: Glen Bessner
SELLER: Jim Devereux
BROKER: John Brennan (@TheBrennanTeamOfMM) & Matt Dittmeier (@MDittmeier44) - Marcus & Millichap
SALE PRICE: $1,750,000
SF: 2,400 ~ PPSF: $729
NOTE FROM @TheBrennanTeamOfMM: Fully vacant, renovated mixed-use building that sold to a 1031 exchange buyer. Previously floating on the market without a broker, The Brennan Team secured the exclusive listing & was able to get the deal in the hands of a motivated buyer willing to pay a premium for quality.View on map
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Address461 7th Avenue
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