Aperture Holdings Acquires Mixed-Use Property In Brooklyn For $2.2M

The property located at 718 Lorimer Street in Brooklyn has been sold for a total price of $2,215,000. The mixed-use asset consists of 6 units with a per unit price of $369,166. The total square footage of the property is 4,125, resulting in a price per square foot of $536. The sale took place on July 26, 2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,215,000
• Units: 6
• Price per Unit: $369,166
• Total Square Footage: 4,125
• Price per Square Foot: $536

The buyer of the property is Aperture Holdings, represented by Pir Granoff and Douglas Baillie. The seller is The Pasquenza Family. The brokers involved in the deal include Shaun Riney, Michael Salvatico, and Sam Leppo from NewYorkMultifamily and MarcusMillchap_NY.

It is worth noting that the building comprises of 4 FM apartments, 1 rent controlled unit, and one vacant store in the front left of the property.