Rami Esses Acquires Mixed-Use Property On Central Avenue In Brooklyn For $2 Million

The property involved in this transaction is a mixed-use building located at 601 Central Avenue in Brooklyn. The asset comprises one commercial unit and five residential units, with a total square footage of 5,400. The property was sold for $2,000,000, resulting in a price per unit of $333,333 and a price per square foot of $370.

Summary of transation details:

• Property Type: Mixed-use (1 Commercial & 5 Residential)
• Transaction Amount: $2,000,000
• Units: 6
• Square Footage: 5,400
• Price Per Unit: $333,333
• Price Per Square Foot: $370
• Buyer: Rami Esses
• Seller: Milton & Jeanette Pellot
• Broker: Matthew Peters - Marcus & Millichap
• Seller's Attorney: Stephen Siminou - Siminou & Associates & P.C.

Rami Esses acquired the mixed-use property from sellers Milton and Jeanette Pellot. The brokerage firm Marcus & Millichap represented the buyer through broker Matthew Peters in this transaction, while the seller was represented by attorney Stephen Siminou from Siminou & Associates & P.C.