HH Equities Acquires Mixed-Use Property In Brooklyn For $2.2 Million From Colacino Family

The asset involved in this transaction is a mixed-use property located at 510 7th Avenue in Brooklyn. The sale price of the property was $2,200,000, comprising 2 units, which include 1 commercial and 1 residential space. The total square footage of the property is 3,025, resulting in a price per square foot of $727. The property was sold by the Colacino Family.

Summary of transaction details:

• Property Type: Mixed-use (1 Commercial & 1 Residential)
• Transaction Amount: $2,200,000
• Buyer: HH Equities
• Buyer Representative: Ariel Akkad
• Seller: Colacino Family
• Broker: John Brennan
• Broker Agency: Marcus & Millichap
• Units: 2
• PPU: $1,100,000
• SF: 3,025
• PPSF: $727

Key individuals in this transaction include the buyer, HH Equities, represented by Ariel Akkad. The brokerage was handled by John Brennan from Marcus & Millichap, who facilitated the deal for the Colacino Family, the sellers of the property.