David Habif Acquires Mixed-use Building On 57 Jay St In Dumbo For $7.85M

Located in the sought-after neighborhood of Dumbo, this mixed-use property at 57 Jay St. has recently changed hands in a sale transaction. The deal was finalized on July 13, 2022, and the property was sold for a total price of $7,850,000. With a size of 27,448 square feet, the property achieves a price per square foot of $285. The asset offers a versatile space that combines residential and commercial units, catering to a variety of tenants.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $7,850,000
• Address: 57 Jay St., Dumbo

The buyer in this transaction is David Habif, while the seller is Churchill Real Estate Holdings. The deal was facilitated by the brokerage team from Cushman & Wakefield, including brokers Maurice Suede, Dan O'Brien, Caroline Hodes, and Dan Soyak. These professionals played a crucial role in connecting the buyer and seller and ensuring a successful transaction.

This sale transaction showcases the vibrant real estate market in Dumbo, with its mix of residential and commercial properties. The buyer and seller, along with their respective representatives, have successfully navigated the complexities of the deal, resulting in a mutually beneficial agreement.