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Alex Sze Acquires Mixed-use Property At 253 Irving Avenue Brooklyn For $3.9M With Marcus & Millichap

Property Image
SOLD
$3,900,000
Michael (Mike) Salvatico
Shaun Riney
Vincent Tomaselli
+ 1

New York

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Mixed-use8,250 SF
Sold 05/28/2025
the dealplayerscompscontact
Property Image
SOLD

Alex Sze Acquires Mixed-use Property At 253 Irving Avenue Brooklyn For $3.9M With Marcus & Millichap

253 Irving Avenue

See Similar Deals
Mixed-use8,250 SF
Sold 05/28/2025
Michael (Mike) Salvatico
Shaun Riney
Vincent Tomaselli
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$472
Total Square Footage:8,250 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use building located at 253 Irving Avenue, Brooklyn. The sale price for the property was $3,900,000, which comprises 4 units. The total square footage of the property is 8,250, translating to a price per unit of $975,000 and a price per square foot of $472.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,900,000
  • Buyer: Alex Sze
  • Seller: Sam J Adler
  • Brokers: Shaun Riney, Michael (Mike) Salvatico, Vincent Tomaselli & Will Carbonari - Marcus & Millichap

This distinct transaction involved key individuals, including purchaser Alex Sze and seller Sam J Adler, who were represented by their respective brokers from Marcus & Millichap. The deal occurred on May 29, 2025, marking a significant transaction in the Brooklyn market.

Players

Michael (Mike) Salvatico
Marcus & Millichap
Michael Salvatico
173 deals$787M volume(718) 475-4358
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
355 deals$1.8B volume(718) 475-4369
BROKER
Vincent Tomaselli
Marcus & Millichap
Vincent Tomaselli
6 deals$14.4M volume(718) 475-4300
BROKER
Will Carbonari
Marcus & Millichap
Will Carbonari
4 deals$17.5M volume(212) 430-5100
BROKER

Details

SOLD
IMAGE: Michael Salvatico, Shaun Riney, Vincent Tomaselli & Will Carbonari DATE: 5/29/2025 ADDRESS: 253 Irving Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Alex Sze SELLER: Sam J Adler BROKERS: Shaun Riney (@ShaunRiney1), Michael (Mike) Salvatico (@MikeSalvatico), Vincent Tomaselli & Will Carbonari - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,900,000 UNITS: 4 ~ PPU: $975,000 SF: 8,250 ~ PPSF: $472

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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