Davean Holdings Acquires Mixed-Use Property In Park Slope, Brooklyn For $2.675M

The mixed-use property located at 475 6th Avenue (411 11th Street) in Park Slope, Brooklyn has been sold in a recent transaction. The property boasts a total square footage of 3,500, with the sale price amounting to $2,675,000. This equates to a price per square foot of $764. The asset consists of a residential portion that is 100% free market, offering excellent potential for layout optimization and upside. The buyer, Sean Lefkovits and David Lloyd of @DaveanHoldings, plans to fully renovate the units with high-end finishes, maximizing their appeal.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,675,000
• Address: 475 6th Avenue (411 11th Street), Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Square Footage: 3,500

Representing the seller, The Diorio Family, were brokers Matt Fotis and Chase Midgley from Marcus & Millichap NY. On the buyer's side, Sean Lefkovits and David Lloyd of @DaveanHoldings navigated the transaction. It is important to note that the corner retail portion of the property is currently leased to Bar Toto, a popular neighborhood establishment. Despite the challenges brought about by the pandemic, Bar Toto has thrived with its loyal following and unique outdoor setup.