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

Property Image
SOLD
$3,950,000
Michael (Mike) Salvatico
Shaun Riney
+ 2

New York

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Mixed-use7,679 SF
Sold 11/03/2021
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Property Image
SOLD

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

66 Hope Street, Brooklyn, NY 11211

See Similar Deals
Mixed-use7,679 SF
Sold 11/03/2021
Michael (Mike) Salvatico
Shaun Riney
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$514
Total Square Footage:7,679 SF
Transaction Type:Sale

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:

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.

Players

Michael (Mike) Salvatico
173 deals$787M volume(718) 475-4358
BROKER

Shaun Riney
Marcus & Millichap
357 deals$1.8B volume(718) 475-4369
BROKER

Samuel (Sam) Leppo
Marcus & Millichap
59 deals$286.6M volume(718) 475-4342
BROKER

Paul Greenbaum
Gcp Capital Group
3 deals$22.5M volume
BROKER

Details

SOLD
IMAGE: Mike Salvatico, Shaun Riney, Zach Ehrlich & Sam Leppo DATE: 11/03/2021 ADDRESS: 66 Hope Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use 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 SALE PRICE: $3,950,000 BSF: 8,628 ~ PPBSF: $457 SF: 7,679 ~ PPSF: $514 LAST SALE PRICE: $2,550,000 (01/27/2021)

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