Marcello Sarrica Acquires Bay Ridge Office For $1.25M

The office building located at 7606 7th Avenue in Bay Ridge has been sold in a recent transaction. The property spans 2,290 square feet and was purchased for a total of $1,250,000, resulting in a price per square foot of $545. The deal was completed on December 16, 2021.

Summary of transation details

• Property Type: Office
• Transaction Amount: $1,250,000
• Square Footage: 2,290
• Price per Square Foot: $545
• Address: 7606 7th Avenue, Bay Ridge
• Buyer: Marcello Sarrica
• Seller: Joe Derose
• Brokers: Stephen R. Preuss, Kevin Louie, and Alex Svetlakou

The buyer, Marcello Sarrica, acquired the property from seller Joe Derose. The deal was facilitated by brokers Stephen R. Preuss, Kevin Louie, and Alex Svetlakou. This sale reflects the vibrant real estate market in Bay Ridge, demonstrating the ongoing demand for office spaces in the area.