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.
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