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Parag Sawhney's Penn South Capital Acquires Mixed-Use Property In Williamsburg, Brooklyn For $6M

Property Image
SOLD
$6,000,000
Michael Ferrara
Parag Sawhney

New York

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Mixed-use12,780 SF
Sold 12/15/2023
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Property Image
SOLD

Parag Sawhney's Penn South Capital Acquires Mixed-Use Property In Williamsburg, Brooklyn For $6M

308 Graham Avenue

See Similar Deals
Mixed-use12,780 SF
Sold 12/15/2023
Michael Ferrara
Parag Sawhney
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$469
Total Square Footage:12,780 SF
Transaction Type:Sale

Located at 308 Graham Avenue in Williamsburg, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans 12,780 square feet and consists of 9 units, including 5 apartments, 3 retail spaces, and 1 office. The sale price for this property was $6,000,000, resulting in a price per square foot of $469.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Square Footage: 12,780
  • Address: 308 Graham Avenue, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn

In this transaction, Parag Sawhney of Penn South Capital acted as the buyer, while Anthony Sarro Jr. served as the seller. The seller was exclusively represented by Michael Ferrara of Brax Realty. It's worth noting that Michael Ferrara not only represented the seller but also procured the buyer for this deal.

Players

Michael Ferrara
Brax Realty
Michael Ferrara
28 deals$411.9M volume(646) 668-4803
BROKER
Parag Sawhney
Penn South Capital
Parag Sawhney
23 deals$175.5M volume
BUYER

Details

SOLD
IMAGE: Michael Ferrara DATE: 12/15/2023 ADDRESS: 308 Graham Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use BUYER: Parag Sawhney (@P22s11) - Penn South Capital SELLER: Anthony Sarro Jr. BROKER: Michael Ferrara (@BraxRealtyNYC) - Brax Realty (@BraxRealtyNYC) SALE PRICE: $6,000,000 SF: 12,780 ~ PPSF: $469 NOTE FROM BROKER: Michael Ferrara of Brax Realty exclusively represented the seller and also procured the buyer in this transaction. 306-308 Graham Street is located on the corner of Graham Avenue and Ainslie Street and is made up of 9 units (5 Apts, 3 Retail & 1 Office).

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