This mixed-use retail building located at 4716 5th Avenue in Sunset Park, Brooklyn features 4,200 square feet and is priced at $2,400,000. The property includes 2 apartments and an expiring retail space, along with an additional 3,000 square feet of air rights.

The transaction involves two side-by-side vacant, free market, 3-family buildings located at 821 Quincy Street and 821A Quincy Street in Brooklyn. The properties traded off-market for a total sale price of $3,520,000, translating to $1,760,000 per building and a price per square foot of $533 for the total square footage of 6,600. Both buildings require full gut renovations, and the buyer intends to reposition them into high-end rentals.

589 Flatbush Avenue is a mixed-use building located in Brooklyn's Prospect Lefferts Gardens. The property was sold for $1,530,000, featuring 3 units and a total square footage of 3,420. The price per unit was $510,000, while the price per square foot was $447. At the time of closing, the retail space was vacant, and two apartments were occupied.

A multifamily property located at 140 Martense Street in Brooklyn has been sold for $3,270,000. The asset comprises 9 units and offers a total square footage of 6,098, with a price per unit of $363,333 and a price per square foot of $536. The property was recently renovated and is situated in the Prospect Lefferts Gardens area.

The mixed-use property located at 185 Malcolm X Boulevard in Brooklyn was sold for $1,560,000. This building encompasses a total square footage of 4,680 and is valued at approximately $333 per SF.

The property involved in this transaction is a fully renovated multifamily building situated at 594 Franklin Avenue in Brooklyn. This asset comprises 4 units, covering a total square footage of 3,296, and was sold at a price of $2,050,000, resulting in a price per unit of $512,500 and a price per square foot of $621.

The property involved in this transaction is a mixed-use building located at 822 Broadway in Brooklyn. The closing price was $2,060,000, representing a valuation of $494 per square foot for the 4,169 square foot structure. This free market property includes three renovated apartments and a retail space that is long-term leased to Little Caesars, situated at the border of Bushwick and Williamsburg.

This multifamily property located at 854 Prospect Place in Brooklyn comprises 4 units and spans 3,600 square feet. The sale price for this off-market transaction was $2,050,000, translating to a price per unit of $512,500 and a price per square foot of $569. The property was sold fully vacant and required a full gut renovation.

Bijou Equities has successfully completed this off-market sale in Clinton Hill, Brooklyn. The property is a fully gut renovated, and Free Market, 8-unit building in prime Brooklyn. The property sold for $3,500,000 which equated to a 6.15% Cap Rate and about $600/psf.

The young leasing and sales professionals to watch in 2018—and beyond.

“My greatest success in the past 12 months would be taking on the responsibility of leading a real estate team at TerraCRG.”