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New York & Tri-State  + Outer Boroughs  + Apartments  | 

Owner-User Acquires South Brooklyn Mixed-Use

Marcus & Millichap arranged the sale of 179 Ave. U, a multifamily and retail property in the Gravesend neighborhood of southern Brooklyn. The sale price was $1,536,000.

“Marcus & Millichap’s New York Multifamily team sourced an end user for this mixed-use property,” said Daniel Greenblatt of the firm’s New York City office. “We delivered a win on both sides: The seller got a price above what an investor would pay, and the buyer secured office space for their team.”

Greenblatt, Shaun Riney and Michael Salvatico marketed the property on behalf of the seller, G4 Development Group, and procured the buyer, GD Capital.

The three-story, 3,800-square-foot building sits on a 1,600-square-foot lot and was built in 1931. The building includes one free-market three-bedroom residential unit above two ground-floor commercial spaces leased to Dunkin’ and Hwang’s Construction.

The property is located along the Avenue U retail corridor, near the Avenue U subway station.

Read More News Stories About: Marcus & Millichap
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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