DAX Real Estate Acquires Mixed-Use Property In Greenpoint, Brooklyn For $3.35M

A mixed-use property located at 159 Franklin Street in Greenpoint, Brooklyn has been sold in a recent transaction. The property spans 4,700 square feet and was sold for a price of $3,350,000, resulting in a price per square foot of $712. The sale took place on September 14, 2021, and the buyer is DAX Real Estate represented by Daniel Hedaya and Max Seibald. The seller of the property is Dianne Arnold. The brokerage firm involved in the deal is Native Real Estate, with Bram Lefevere representing the buyer.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,350,000
• Date: September 14, 2021
• Address: 159 Franklin Street
• Market: Greenpoint, Brooklyn

This is the 5th building that DAX Real Estate has purchased on Franklin Street. In addition, they currently have 7 buildings under contract in the Greenpoint and Williamsburg areas. It is worth noting that the buyer plans to renovate the vacant building, including the addition of a new 2,500 square foot corner retail/restaurant space that will be available for lease. For any potential deals, interested parties can submit them for consideration to [email protected].