
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.”
- ◦Sale/Acquisition