An unnamed Brooklyn investor purchased the three-story, mixed-use building at 285 Smith St. in Brooklyn, NY, for $1.65 million, or about $492 per square foot.
Kenneth Freeman of Massey Knakal Realty had shopped the building for the seller, Mary Margaret Parker, at $1.75 million.
Built in 1931, the 3,360-square-foot property is at the corner of Smith and Sackett streets. It is comprised of three apartment units, and one retail unit occupied by No.1 Dry Cleaner on a lease that runs through next January. According to broker, the property has a projected net operating income of $106,078.
For more information, please see CoStar Comp #1289061.