SOLD
313 Powell Holdings LLC Acquires 100-Unit Hotel In Brownsville, Brooklyn For $23.2M
313 Powell Street
Hotel
52,431 SF
52,431 SF
Sold 128 days ago
Summary
Sale
NEW YORK
Hotel
52,431 sqft
313 Powell Street, located in Brownsville, Brooklyn, has been sold in a transaction that closed on December 19, 2023. The property, a hotel building, was acquired by 313 Powell Holdings LLC for a sale price of $23,250,000. With a total area of 52,431 square feet, the price per square foot (PPSF) amounts to $443. The deal also included the transfer of 100 keys, resulting in a price per key (PPK) of $232,500.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: $23,250,000
- Address: 313 Powell Street, Brownsville, Brooklyn
The buyer, 313 Powell Holdings LLC, an anonymous entity, completed the transaction with the seller, Joseph Brunner representing Bruman Realty. The sale highlights the ongoing investment activity in the Brownsville market, showcasing the desirability of hotel assets in the area.
Details
SOLD
IMAGE: 12/19/2023
ADDRESS: 313 Powell Street
MARKET: Brownsville, Brooklyn
ASSET TYPE: Hotel
BUYER: 313 Powell Holdings LLC
SELLER: Joseph Brunner - Bruman Realty
SALE PRICE: $23,250,000
SF: 52,431 ~ PPSF: $443
KEYS: 100 ~ PPK: $232,500
NOTE: 313 Powell Holdings LLC, an anonymous buyer, acquired a 100-unit hotel building at 313 Powell Street, Brownsville, Brooklyn, from Bruman Realty for $23.2 million.View on map
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Address313 Powell Street
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