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Bed-Stuy building sells for $900K

Marcus & Millichap Real Estate Investment Services reports the sale of a 6,800-square-foot mixed-use building in Bedford-Stuyvesant.

The property, at 743 DeKalb Ave., sold for $925,000, or approximately $136 per square foot, according to John Horowitz, regional manager of the firm’s Brooklyn office.

Derek Bestreich and Shaun Riney, investment specialists in the Brooklyn office, had the listing on behalf of the seller, a private investor, and secured the buyer, also a private investor.

The property had previously been listed at $900,000,. according to Bestreich. 

“Within two weeks of the seller hiring us, we had the building under non-contingent contract of sale at $925,000,” he said.

October 23, 2012 - 10:46am


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