Joseph Torres Acquires Mixed-Use Property On Hope Street In Williamsburg For $3.95M

Located at 66 Hope Street in Williamsburg, Brooklyn, this mixed-use property was recently sold for a price of $3,950,000. The transaction took place on 11/03/2021, with Joseph Torres as the buyer and Frank Califano as the seller. The property spans a total of 7,679 square feet and has a price per square foot of $514. The building has a total square footage of 8,628, resulting in a price per buildable square foot of $457. It is worth noting that the property had previously sold for $2,550,000 on 01/27/2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,950,000
• Address: 66 Hope Street, Williamsburg, Brooklyn
• Buyer: Joseph Torres
• Seller: Frank Califano
• Broker: Sam Leppo, Shaun Riney & Mike Salvatico - Marcus & Millichap
• Structured Credit / Equity: Neue Urban - Zach Ehrlich & Prime Asset Funding - Paul Greenbaum

The professionals involved in this deal include brokers Sam Leppo, Shaun Riney, and Mike Salvatico from Marcus & Millichap. The structured credit and equity were provided by Neue Urban, represented by Zach Ehrlich, and Prime Asset Funding, represented by Paul Greenbaum.