Midas Hospitality Acquires Downtown Brooklyn Hotel From Aview Equities For $34.88M

The hotel located at 291 Livingston Street in Downtown Brooklyn was sold for $34,880,000. The property spans 50,914 square feet, resulting in a price per square foot of $685. The transaction took place on 03/06/2024, with Midas Hospitality purchasing the hotel from Aview Equities. The deal was facilitated by brokers Greg Corbin, Chaya Milworn, and Felix Ades from Northgate Real Estate Group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $34,880,000
• Address: 291 Livingston Street
• Market: Downtown Brooklyn
• Buyer: Midas Hospitality
• Seller: Aview Equities
• Brokers: Greg Corbin, Chaya Milworn & Felix Ades - Northgate Real Estate Group

Chaya Milworn, Greg Corbin, and Felix Ades played instrumental roles in the successful sale of the hotel. Midas Hospitality, the buyer, acquired the property from Aview Equities in this significant transaction that took place in the heart of Downtown Brooklyn. The hotel's sale price of $34,880,000 entailed careful negotiations and strategic decisions made by all parties involved.