July 20, 2017 Comments Off on Record-Breaking Sale in Bensonhurst Views: 725 New York News, Outer Boroughs New York

Record-Breaking Sale in Bensonhurst

A private investor paid $3 million for two mixed-use buildings in the Bensonhurst neighborhood of Brooklyn.

“We received an overwhelming response from the market; the properties were on the market for a mere 30 days, receiving 18 written offers which we leveraged into selling the property for $265,000 above the final listing price,” said Gregory Melanson, an associate for Marcus & Millichap, which represented the seller, a private investor. Plasky, Cimino and Melanson represented the buyer.

The two buildings 6611-6613 18th Ave., total 4,355 square feet, including a vacant retail unit. Though the asset is currently underperforming, the buyer sees potential in it. The sale constituted a price record for a mixed-use property on 18th Ave. at $688-per-square-foot.

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