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A blog for breaking sales and neighborhood real estate news.

A commercial building at 1113-1123 Brighton Beach Avenue located on the corner of Brighton Beach Avenue and Brighton 14th Street in Brooklyn’s Brighton Beach neighborhood was sold in an all cash transaction valued at $4,800,000.

The two-story building is approximately 12,100 square feet and sits on a 101’ x 55’ lot. There are six occupied commercial units and one vacant, recently renovated, 6,000 square foot restaurant. The site was the former home of Odessa Restaurant, one of the original and most famous Russian restaurants in New York City. The property benefits from its close proximity to local transportation. Additionally, the zoning would allow for a variety of redevelopment possibilities. The sale price equated to approximately $400 per square foot.

Click here for press release

Neighborhoods: Brighton Beach