Compiled by Linda Collins
Brooklyn Daily Eagle

PARK SLOPE — Marcus & Millichap Real Estate Investment Services reports the sale of a mixed-use property in Park Slope.

The 5,388-square-foot building, at 413 Seventh Ave., sold for $1.48 million, according to J.D Parker, regional manager of the firm’s Brooklyn office.

“That price amounts to approximately $274.68 per square foot,� he said.

John Horowitz and Matthew Fotis, investment specialists in the Brooklyn office, represented the seller, a limited liability company. The buyer, a private investor, was secured and represented by Adelaide Polsinelli, an investment specialist in the firm’s Manhattan office.

“This mixed-use building, located on Seventh Avenue in Park Slope, was listed by our Brooklyn office and sold to a 1031 exchange buyer through our Manhattan office,� said Horowitz. “Marcus & Millichap’s ability to expose this asset to buyers throughout New York City allowed our seller to achieve a strong price even in this current market environment.�

Added Polsinelli, “Thanks to the collaborative efforts of both offices and all parties to this transaction, we were able to overcome all of the challenges facing today’s real estate industry.�

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