DAX Real Estate Acquires Mixed-Use Property On Kent Avenue In Williamsburg For $12.3M

The mixed-use property located at 235-237 Kent Avenue in Williamsburg has been sold. The property, spanning 13,575 square feet, was purchased by DAX Real Estate, represented by Daniel Hedaya and Max Seibald. The seller was The Gold Family. The sale was facilitated by brokers Shaun Riney, Mike Salvatico, and Sam Leppo of Marcus & Millichap. The transaction closed on December 1, 2021, for a total price of $12,300,000, resulting in a price per square foot of $906. The property consists of 13 units, with each unit valued at $946,153.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $12,300,000
• Address: 235-237 Kent Avenue, Williamsburg
• Market: Williamsburg
• Buyer: DAX Real Estate - Daniel Hedaya & Max Seibald
• Seller: The Gold Family
• Broker: Shaun Riney, Mike Salvatico & Sam Leppo - Marcus & Millichap
• Square Footage: 13,575
• Price per Square Foot: $906
• Units: 13
• Price per Unit: $946,153

The sale of 235-237 Kent Avenue was a successful transaction, with DAX Real Estate acquiring the property from The Gold Family. The buyers were represented by Daniel Hedaya and Max Seibald, while the sellers were represented by brokers Shaun Riney, Mike Salvatico, and Sam Leppo of Marcus & Millichap. This purchase represents a noteworthy investment in the Williamsburg market, further strengthening DAX Real Estate's portfolio.