Sugar Hill Capital Partners Acquires Mixed-Use Building In Brooklyn For $15M

The mixed-use property located at 103-111 Smith Street in New York City's Brooklyn market has been sold for a total price of $15,000,000. The property spans across an area of [INSERT SQUARE FOOTAGE]. The transaction took place on [INSERT DATE].

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $15,000,000
• Price per Square Foot (PPSF): $756
• Capitalization Rate (Cap Rate): 3.3%

The seller of the property was Sterna Corporation, owned by the Marinos Family. The buyer was Sugar Hill Capital Partners, represented by Alex Friedman and David Schwartz. The deal was facilitated by the brokerage firm TerraCRG, with Adam Hess serving as the representative for the buyer. [INSERT ADDITIONAL DETAILS IF PROVIDED IN CONTEXT].