SOLD
Marcus & Millichap Sells Mixed-Use Property In Williamsburg, Brooklyn For $3.55M
331 Bedford Avenue
Mixed-use
3,320 SF
3,320 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
3,320 sqft
Located at 331 Bedford Ave in Williamsburg, Brooklyn, this mixed-use property was recently sold in a closed transaction for a total of $3,550,000. The property has a total square footage of 3,320 and a price per square foot of $1,069, making it a valuable asset in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,550,000
- Address: 331 Bedford Ave
- Market: Williamsburg, Brooklyn
The seller of this property was The Roman Family. Representing the buyer in this deal were brokers Shaun Riney, Michael Salvatico, and Sam Leppo from Marcus & Millichap. Their expertise and negotiation skills were key factors in the successful completion of this transaction.
It is worth noting that the apartments within the property were delivered vacant, while a long-term retail lease with below-market rent was still in place. The buyer had to agree to take on significant arrears and violation fines as part of the deal.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Sam Leppo, Shaun Riney & Michael Salvatico
DATE: 09/15/2022
ADDRESS: 331 Bedford Ave.
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Mixed-use
SELLER: The Roman Family
BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Sam Leppo (@Leppo.CRE) - Marcus & Millichap (@MarcusMillichap_NY)
SALE PRICE: $3,550,000
SF: 3,320 ~ PPSF: $1,069
NOTE FROM BROKER: Apartments delivered vacant with long-term below market retail lease in place. Negotiated buyer to take on significant arrears & violation fines.View on map
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Address331 Bedford Avenue
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