Herman Holdings LLC Acquires Mixed-Use Property On Pitkin Avenue In Brooklyn For $53M
SOLD
+ 2
New York
See Similar DealsMixed-use165,000 SF
Sold
SOLD
Herman Holdings LLC Acquires Mixed-Use Property On Pitkin Avenue In Brooklyn For $53M
1501 Pitkin Ave, Brooklyn, NY 11212, USA
See Similar DealsMixed-use165,000 SF
Sold
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:165,000 SF
Transaction Type:Sale
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.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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