Davean Holdings Acquires Mixed-Use Property In FiDi For $10.1M

Two mixed-use buildings located at 53 & 55 Stone Street in the FiDi neighborhood have been sold for a total of $10,100,000. The properties, with a total square footage of 14,698, consist of 7 loft-style residential units and two leased bar/restaurant commercial spaces. The sale price equated to $687 per square foot. The transaction took place on September 14, 2021, with the buyer being Davean Holdings, represented by Sean Lefkovits and David Lloyd. The seller was the Goldman Family. The deal was facilitated by brokers Louis Puopolo and Hillel Horovitz from Douglas Elliman.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $10,100,000
• Market: FiDi
• Address: 53 & 55 Stone Street
• Tax Class: 2A

Davean Holdings, led by Sean Lefkovits and David Lloyd, acquired these two buildings as part of their investment strategy. The purchase adds to their portfolio of 100% Free Market properties. With the inclusion of these buildings, Davean plans to enhance the value of the residential units. For any further transaction inquiries, please contact Davean Holdings at [email protected].