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DAX Real Estate Acquires Mixed-Use Property In Greenpoint, Brooklyn For $3.7M

Property Image
SOLD
$3,725,000
Michael (Mike) Salvatico
Shaun Riney
+ 2

New York

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MultiFamily4,212 SF
Sold 05/11/2022
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Property Image
SOLD

DAX Real Estate Acquires Mixed-Use Property In Greenpoint, Brooklyn For $3.7M

136 Franklin Street, Brooklyn, New York 11222, United States

See Similar Deals
MultiFamily4,212 SF
Sold 05/11/2022
Michael (Mike) Salvatico
Shaun Riney
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$884
Total Square Footage:4,212 SF
Transaction Type:Sale

The mixed-use property located at 136 Franklin St. in Greenpoint, Brooklyn has been sold for a price of $3,725,000. The property spans 4,215 square feet, resulting in a price per square foot of $883. The transaction took place on May 11, 2022 and involved DAX Real Estate, represented by Daniel Hedaya and Max Seibald, as the buyer. The seller was the Kucharski Family. The brokers involved in the deal were Shaun Riney, Michael Salvatico, and Sam Leppo, who represented DAX Real Estate in the transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,725,000
  • Address: 136 Franklin St., Greenpoint, Brooklyn
  • Square Footage: 4,215
  • Price per Square Foot: $883

The property, which was mostly vacant upon delivery, is situated in one of the best retail and residential locations in Brooklyn. Additionally, it includes additional air rights, adding further value to the asset.

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

Daniel Hedaya
DAX Real Estate
15 deals$79.7M volume
BUYER

Max Seibald
DAX Real Estate
13 deals$63.9M volume
BUYER

Details

SOLD
IMAGE: Sam Leppo, Daniel Hedaya, Shaun Riney, Max Seibald & Michael Salvatico, DATE: 05/11/2022 ADDRESS: 136 Franklin St. MARKET: Greenpoint, Brooklyn ASSET TYPE: Mixed-use BUYER: DAX Real Estate - Daniel Hedaya (@DHedaya) & Max Seibald (@MaxSeibald42) SELLER: The Kucharski Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Sam Leppo (@Leppo.CRE) - Marcus & Millichap (@MarcusMillichap_Ny) SALE PRICE: $3,725,000 SF: 4,215 ~ PPSF: $883 NOTE FROM BROKERS: Property was delivered mostly vacant and contained additional air rights in one of the best retail and residential locations in Brooklyn.

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