The Reel

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A blog for breaking sales and neighborhood real estate news.

An office building at 1713 8th Avenue, located between 17th and 18th Streets in Brooklyn’s Greenwood Heights neighborhood, was sold in an all-cash transaction valued at $5,350,000.
The four-story building contains approximately 12,800 square feet and sits on a 50.08’ x 100.17’ lot.  It consists of 47 small units, set up as creative artist and office space.  The sale price equates to approximately $418 per square foot.

“There was very high demand for this property, and we were able to secure a buyer above the asking price within three weeks of marketing,” said Cushman & Wakefield’s Aaron Warkov, who exclusively handled this transaction with Richard Velotta.

Click here for press release