The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

An apartment building at 886 Jefferson Avenue, located between Howard and Ralph Avenues in Brooklyn’s Bedford-Stuyvesant neighborhood, was sold in an all-cash transaction valued at $985,000.

The three-story, six-unit building contains approximately 4,875 square feet and sits on a 25’ x 100’ lot.  The building has been well-maintained, preserving its classic character.  The sale price equates to approximately $202 per square foot.

This building is ideally located just two blocks from both the Broadway retail corridor, providing close proximity to grocery stores, dry cleaning, shopping, and restaurants, and the J train at Halsey Street, offering convenient access to Manhattan and Williamsburg in less than 15 minutes.

“The seemingly insatiable demand for vacant multifamily product resulted in a competitive bidding process which pushed the sales price to over $100,000 above the asking price,” said Massey Knakal Director of Sales Michael Amirkhanian, who exclusively handled this transaction.

Click here for press release

Neighborhoods: Bedford Stuyvesant