Frank Picone Acquires Mixed-use Property From Johnny Din In Brooklyn For $2.16M

The property asset involved in this transaction is a mixed-use building located at 1375 Bedford Avenue in Brooklyn. The sale price for this asset was $2,160,000, which reflects a price per unit of $720,000. The building consists of three units and has a total square footage of 3,763, resulting in a price per square foot of $575.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,160,000
• Units: 3
• Price Per Unit: $720,000
• Square Footage: 3,763
• Price Per Square Foot: $575
• Buyer: Frank Picone
• Seller: Johnny Din
• Brokers: Matthew Cosentino, Remi Norris & Daniel Chung - Terra CRG

This transaction features the involvement of multiple brokers from Terra CRG, specifically Matthew Cosentino, Remi Norris, and Daniel Chung, who represented the interests of the buyer and seller in the deal.