The Reel

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A blog for breaking sales and neighborhood real estate news.

A four-story mixed-use building located at 7625 Fifth Avenue in Brooklyn’s Bay Ridge neighborhood was sold in an all cash transaction valued at $1,450,000.

This 6,720 sq. ft. brick building is located on the corner of Fifth Avenue and 77th Street. There are three commercial tenants on the ground floor and six apartments on the upper floors. The commercial leases provide for 5% annual increases. A bus stop is conveniently located in front of the building and the R train is one block away. The sale price represented $215.77 per square foot.

Neighborhoods: Bay Ridge/ Agents: Jeffrey Shalom, Stephen Palmese