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
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