The Reel

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A blog for breaking sales and neighborhood real estate news.

A corner retail property at 2404 Gerritsen Avenue, located on the borders of Brooklyn’s Gerritsen Beach, Sheepshead Bay and Marine Park neighborhoods, was sold in an a transaction valued at $900,000

This 6,100 square foot retail building is comprised of three vacant units and one occupied unit. The building benefits from its close proximity to public transportation and the Belt Parkway. Additionally, there is parking in the rear. The sale price equates to approximately $148 per square foot.

“The transaction was possible because the buyer saw redevelopment potential in the property and the seller was willing to provide 70% financing,” said Massey Knakal Director of Sales Brian Hanson who exclusively handled this transaction.

Click here for press release

Neighborhoods: Marine Park, Sheepshead Bay