Berko & Associates Closes Brooklyn Mixed-Use for $2 Million

Berko & Associates’ Lenny Borshch and Agustin Peña closed on the sale of 3918-3920 3rd Avenue in Sunset Park, Brooklyn NY. The four-story, 6800 SF mixed use property hosts two street level retail spaces and six residential units. The building is in close proximity to the D train, taking only 20 minutes to get into Midtown Manhattan, the property sits in a location becoming more of a destination than an afterthought. Closing price on the property was $2 million at just over $290 PSF and closed within 60 days. “The investor was able to purchase a great property, at a great price in a quickly growing neighborhood of Brooklyn,” said Lenny Borshch, who represented both the buyer and the seller in the transaction.