The Reel

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A blog for breaking sales and neighborhood real estate news.

An apartment building at 303 Harman Street, located between Knickerbocker and Irving Avenues in Brooklyn’s Bushwick neighborhood, was sold in an all-cash transaction valued at $750,000.

The three-story walkup building contains approximately 4,125 square feet and sits on a 25’ x 100’ lot.  It consists of six residential units and features updated mechanicals, a new roof, and clean common space.  The sale price equates to approximately $182 per square foot.

The building is ideally located just a half block from the Knickerbocker Avenue retail corridor and its grocery stores, dry cleaning, shopping, and restaurants.  Additionally, the M train at Myrtle Avenue is one block away, offering convenient access to Manhattan and Williamsburg.

“This transaction is yet another example that buyers believe in the longevity of Bushwick and are willing to purchase assets at a lower return in order to recognize the neighborhood’s continuing appreciation,” said Massey Knakal Director of Sales Michael Amirkhanian, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Bushwick