Brooklyn, NY – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 360 Decatur Street, a 6,000 square-foot mixed-use property located in Brooklyn, NY, according to John Horowitz, regional manager of the firm’s Brooklyn office. The asset commanded a sales price of $910,000 which represented approximately $151 per square foot.
Lucien Sproviero and Derek Bestreich, investment specialists in Marcus & Millichap’s Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a developer, was secured and represented by Bestreich and Sproviero.
According to Mr. Bestreich, “the property was sold at 98 percent of the asking price and was fully occupied with rent stabilized and rent controlled tenants.”