James Grasso Of Cohabs Acquires Mixed-Use Building In Brooklyn For $3 Million

221 Nassau Avenue is a mixed-use property located in Brooklyn, featuring four residential units and one commercial unit. The sale was finalized at a price of $3,000,000, resulting in a per-unit price of $600,000. The building spans a total of 4,800 square feet, leading to a price per square foot of $625.

Summary of transaction details:

• Property Type: Mixed-use (4 Residential & 1 Commercial Unit)
• Transaction Amount: $3,000,000
• Units: 5
• Price Per Unit: $600,000
• Square Footage: 4,800
• Price Per Square Foot: $625
• Buyer: James Grasso - Cohabs
• Seller: Koutros Family
• Seller's Representative: Jeff Valcourt - Compass
• Market: Brooklyn

Jeff Valcourt represented the Koutros Family in this transaction, highlighting the complexities involved that were expertly managed to successfully conclude the sale of the property, which had been held by the same family for over 70 years.