Herman Holdings LLC Acquires Mixed-Use Property On Pitkin Avenue In Brooklyn For $53M

The mixed-use property located at 1501 Pitkin Avenue in Brooklyn, New York has been sold for $53,000,000. The property spans across 165,000 square feet, resulting in a price per square foot of $321. The transaction involved POKO Partners as the seller and Herman Holdings LLC as the buyer.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $53,000,000
• Square Footage: 165,000
• Price Per Square Foot: $321
• Address: 1501 Pitkin Avenue, Brooklyn, New York
• Market: Brooklyn

The transaction was facilitated by @TerraCRG, represented by Ofer Cohen, Eric Satanovsky, Matt Cosentino, Fred Bijou, and Dan Marks. Their expertise and guidance ensured a successful deal for both the seller and buyer.