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718 Lorimer Street

Pir Granoff & Douglas Baillie Of Aperture Holdings Sell Mixed-use Property In Brooklyn For $3.5M
SOLDMixed-use

Pir Granoff & Douglas Baillie Of Aperture Holdings Sell Mixed-use Property In Brooklyn For $3.5M

718 Lorimer Street

$3,500,000

$848/SF

Building Size

4,125 SF

Asset Type

Mixed-use

Closing

Sep 15, 2025

AI

The property asset involved in the transaction is a mixed-use asset located at 718 Lorimer Street in Brooklyn. The sale price for this property was $3,500,000, with a total square footage of 4,125 and a price per square foot of $848.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,500,000
  • Address: 718 Lorimer Street
  • Market: Brooklyn
  • Square Footage: 4,125
  • Price per Square Foot: $848
  • Seller: Pir Granoff & Douglas Baillie - Aperture Holdings
  • Broker Representatives: Brandon Polakoff, Patrick Madigan, Frederick (Fritz) Richter, Joseph (Joe) Moran & Miles Davis-Bosch - Avison Young

This transaction involves notable individuals, including the sellers Pir Granoff and Douglas Baillie, representing Aperture Holdings. The brokerage team from Avison Young played a crucial role in facilitating the deal, comprising five representatives: Brandon Polakoff, Patrick Madigan, Frederick Richter, Joseph Moran, and Miles Davis-Bosch.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker
Avison Young
Avison YoungBrokerage
Pir Granoff

Pir Granoff

Aperture Holdings

Seller

$33M

vol

9 deals

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93