The Reel

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A blog for breaking sales and neighborhood real estate news.

A mixed-use building at 3430 Fulton Street, located between Nichols and Lincoln Avenues in Brooklyn’s Cypress Hills neighborhood, was sold in an all cash transaction valued at $400,000.

The three-story building is approximately 2,963 square feet and sits on a 19.75’ x 100’ lot.  The building consists of a retail unit on the ground floor and two three-bedroom apartments above. The sale price equates to $135 per square foot.

“The building was sold above the asking price due to the tremendous amount of activity by multiple bidders,” said Massey Knakal Director of Sales Edward Gevinski who exclusively handled this transaction.

Click here for press release

Neighborhoods: Cypress Hills