Ferrara of Brax Realty sells 306-308 Graham Ave. for $6 million

Brooklyn, NY Michael Ferrara, managing principal of New York City based investment sales brokerage firm Brax Realty closed on 306-308 Graham Ave. for $6 million.

The property was situated on the corner of Graham Ave. and Ainslie St. and located two blocks south of the L train. The 50’ by 100’ corner lot had two buildings on it with a total of +/- 12,780 s/f and was 100% occupied. It consisted of two buildings and had a total of 3 retail tenant, 5 apartments and 1 office space. There was also an additional 2,200 s/f of available air rights that could be used to add on top of the corner property. Ferrara exclusively represented the seller, a family trust and also procured the buyer, a private investor. This was the first time the building has sold in over 20 years.

Tags: Brokerage

Reprint

Previous Story Next Story

Manhattan office leasing tops 10 million s/f for ninth consecutive quarter, Lee & Associates NYC reports

Manhattan, NY Manhattan’s office market continued its recovery in the third quarter of 2026, recording more than 10 million s/f of leasing activity for the ninth

Investment Property Realty Group sells 460 15th St. in Park Slope for $3.25 million

IPRG sells 460 15th St. for $3.25m

GFP Real Estate signs two new leases totaling 21,000 s/f at 318 West 39th St.

GFP signs two new leases at 318 West 39th St.

Cleeman Realty Group sells Fort Valley Shopping Center in Georgia

Cleeman sells Fort Valley S.C. in Georgia

Simi Capital enters Texas with acquisition of 359,000 s/f small-bay industrial portfolio in Northwest Houston

Simi Capital acquires 359,000 s/f small-bay industrial portfolio in Northwest Houston

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Kajima Building & Design Group completes workplace renovation for Marubeni America Corp. at 90 Park Ave.

Columns and Thought Leadership

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.