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Buyer Agrees to Pay $6.5M for Midwood Property

NEW YORK—HH Realty Equities has purchased a 30,000-sq.-ft., five-story property located at 1308 East 13th Street in the Midwood section of Brooklyn for $6.5 million. Kalmon Dolgin Affiliates Inc.’s (KDA) Robert Klein, broker, represented the buyer and the seller, Avenue M Associates, in the transaction.

The property features a distinctive Art Deco exterior and is currently 100 percent occupied. Valley National Bank is the main retail tenant; other tenants include medical billing and insurance companies.

Located between Avenue M and Elm Avenue, 1308 East 13th Street is in close proximity to the Q subway line and is convenient to the Belt Parkway.

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