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4802 13th Avenue is an apartment and retail property in Borough Park, Brooklyn

Mixed-Use Borough Park Property Sells to Local Investor

GFI Realty Services completed the $3.5-million sale of 4802 13th Ave., a walk-up building comprised of a ground-floor retail unit and five apartments in the Borough Park section of Brooklyn. The firm’s Eli Maryl, Ohad Babo and Michael Weiser represented the seller and the buyer, both local investors.  

The three-story building, marketed exclusively by GFI Realty, was constructed in 1930 and totals approximately 4,860 square feet. The property was delivered mostly vacant. 

“This corner asset is located on the most sought-after retail corridor in the area and its $720 per square-foot transaction price reflects this,” said Maryl.  

Babo added, “There is also tremendous value-add opportunity for the residential component of the asset.” 


Inside The Story

GFI Realty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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