The Reel

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A blog for breaking sales and neighborhood real estate news.

A mixed-use building at 1260 Broadway, located between Greene and Lexington Avenues in Brooklyn’s Bedford-Stuyvesant neighborhood, was sold in an all-cash transaction valued at $2,200,000.

The four-story, walk-up building contains approximately 7,000 square feet and sits on a 25’ x 100’ lot. The unit mix consists of seven residential units, including three, two-bedroom and three, one-bedroom apartments, and one retail unit. Gut renovated in 2000, the building is fully free-market with preferential rents. The sale price equates to approximately $314 per square foot.

This transaction was handled exclusively by Cushman & Wakefield’s Michael Amirkhanian.

Click here for press release

Neighborhoods: Bedford Stuyvesant