December 09, 2014 -
Front Section
Marcus & Millichap arranged the sale of 320 Van Brunt Street, a 3,975 s/f mixed-use property, according to John Horowitz, regional manager of the firm's Brooklyn office. The asset sold for $1.2 million.
Jakub Nowak and Matthew Rosenzweig from Marcus & Millichap's Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Nowak and Rosenzweig.
"Despite the challenges presented by the condition of this building, we found a vibrant buyer pool looking to put capital to work in the Red Hook neighborhood. From listing-date to contract-date we saw investor interest in Red Hook assets grow exponentially," said Rosensweig.