Beida of Eastern Union arranges sale of mixed-use property: $4.19 million

Brooklyn, NY According to Eastern Union, a five-story, mixed-use building located on a corner in the Park Slope neighborhood, was sold for $4.19 million.

The sale of 223 5^th Ave. was secured by Jack Beida in his capacity as part of the investment sales division of Eastern Union.

Located on the corner of President St., the 12,240 s/f building is comprised of 12 apartments and four retail spaces. The residential component amounts to about 80% of the property’s overall square footage.

Beida represented the seller, Unipres Corp., and also procured the buyer, Prospect Acquisitions. He said the sale closed less than 60 days after going under contract.

“This building is situated on one of the most vibrant intersections in Park Slope, and the owner had frequently been solicited to sell over many years,” said Beida. “We’re gratified that the seller placed his confidence in Eastern Union to attract the best possible price and to swiftly execute the sales process.”

The transaction represented the first sale of the building in 37 years. The property was built in 1920.

Tags: Brokerage

Reprint

Previous Story Next Story

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Lackawanna, NY Agri-Plastics, a global leader in the manufacturing of plastic products for agricultural, industrial, recreational, environmental, and home industries, has signed a 64,000 s/f lease to open a

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

Island Associates lease 1,050 s/f at Marion Oak Plaza

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Marcus & Millichap sells 17-unit multi-family for $8.8m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

Developing Westchester: City of New Rochelle

Columns and Thought Leadership

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account