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Besen & Associates Arranges $5.1M Sale of Mixed-Use Property in Brooklyn

957-Utica-Ave-NYC

Located at 957 Utica Ave. in Brooklyn, the mixed-use property features 18 apartment units, five retail stores and a 26-space gated parking lot.

NEW YORK CITY — Besen & Associates has brokered the sale of a mixed-use property located at 957 Utica Ave. in Brooklyn’s East Flatbush neighborhood. A private investor acquired the property for $5.1 million. Built in 2007, the three-story property features 18 apartment units in a mix of studio, one-, two- and three-bedroom units; 6,000 square feet of retail spaces; and a 26-space gated parking lot. The property features a 421-A tax exemption in place, which expires in June 2023. Greg Corbin and Miguel Jauregui of Besen & Associates, along with former Besen broker Jacob Aronov, represented the seller and procured the buyer in the transaction.

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