Real Estate Weekly – 150 Myrtle Avenue
Marshall Real Estate announced the sale of a retail condominium located at 150 Myrtle Avenue, Brooklyn. The 11,077 s/f unit is fully occupied by Fresh Market Grocery until 2025 with a 5-Year option to extend. The space has an all-glass façade, 18 ft. ceilings and over 350 ft. of wrap-around frontage. It closed at full $7,850,000 asking price at a Cap Rate of 6.25%. Matt Marshall represented both the seller, Benjamin Partners, and the purchaser, a private investor.
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