SOLD
Sugar Hill Capital Partners Acquires Mixed-Use Building In Brooklyn For $15M
103-111 Smith Street
Mixed-use
8,000 SF
8,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
8,000 sqft
The mixed-use property located at 103-111 Smith Street in New York City's Brooklyn market has been sold for a total price of $15,000,000. The property spans across an area of [INSERT SQUARE FOOTAGE]. The transaction took place on [INSERT DATE].
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $15,000,000
- Price per Square Foot (PPSF): $756
- Capitalization Rate (Cap Rate): 3.3%
The seller of the property was Sterna Corporation, owned by the Marinos Family. The buyer was Sugar Hill Capital Partners, represented by Alex Friedman and David Schwartz. The deal was facilitated by the brokerage firm TerraCRG, with Adam Hess serving as the representative for the buyer. [INSERT ADDITIONAL DETAILS IF PROVIDED IN CONTEXT].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Adam Hess (@AdamHessBK), Eddie Setton (@EdSetton), David Schwartz and Alex Friedman
DATE: 03/29/2018
ADDRESS: 103-111 Smith Street
CITY: New York
MARKET: Brooklyn
ASSET TYPE: Mixed-Use
PRICE: $15,000,000
PPSF: $756 CAP
RATE: 3.3%
SELLER: Sterna Corporation – Marinos Family
BUYER: Sugar Hill Capital Partners – Alex Friedman and David Schwartz
BROKER: @TerraCRG – Adam Hess, […]View on map
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Address103-111 Smith Street
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