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

Property Image
SOLD
$2,215,000
Michael (Mike) Salvatico
Shaun Riney
+ 1

New York

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Mixed-use4,125 SF
Sold 07/26/2020
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Property Image
SOLD

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

718 Lorimer Street, Brooklyn, NY 11211

See Similar Deals
Mixed-use4,125 SF
Sold 07/26/2020
Michael (Mike) Salvatico
Shaun Riney
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$537
Total Square Footage:4,125 SF
Transaction Type:Sale

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.

Players

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

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

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

Pir Granoff
9 deals$33M volume
BUYER

BUYER

Details

SOLD
IMAGE: Shaun Riney, Sam Leppo, Michael Salvatico, Douglas Baillie & Pir Granoff DATE: 07/26/2021 ADDRESS: 718 Lorimer Street MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Aperture Holdings - Pir Granoff & Douglas Baillie SELLER: The Pasquenza Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Sam Leppo (@Leppo.CRE) @NewYorkMultifamily @MarcusMillchap_NY SALE PRICE: $2,215,000 UNITS: 6 ~ PPU: $369,166 SF: 4,125 ~ PPSF: $536 NOTE FROM @NewYorkMultifamily: The building consists of 4 FM apartments & 1 rent controlled unit along with one vacant store in the front left of the property.

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