Bushwick Mixed-Use Property Sells for $6.25M

A mixed-use property located at 12 Belvedere Street in Bushwick has sold for $6.25 million. Brown Harris Stevens represented the buyer, Ari Harkov, while Bestreich Realty Group represented the seller, Derek Bestreich, Steve Reynolds, Luke Sproviero, Tom Reynolds, Brian Davila, and Sean Mashihi.

The property spans 6,240 square feet and sold for a price per square foot of $1,001. The building features four residential units and two commercial units, with a total of 10 bedrooms and six bathrooms. The property also includes a backyard and a rooftop deck.

Bushwick has become a popular neighborhood for investors due to its proximity to Manhattan and its growing arts and culture scene. The area has seen a surge in development in recent years, with new residential and commercial projects popping up throughout the neighborhood.

Ari Harkov, the buyer’s representative, is a top-producing agent at Brown Harris Stevens and has been recognized as one of the top 1% of agents nationwide. Bestreich Realty Group, the seller’s representative, is a leading commercial real estate brokerage firm in Brooklyn.

Overall, the sale of this mixed-use property in Bushwick demonstrates the continued demand for real estate in the area and the strength of the Brooklyn market.