The Sharrati Family Acquires Mixed-Use Property In Williamsburg For $22.5M
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This MultiFamily property located in NY was sold almost 6 years ago. The brokers of the deal were David Schechtman, Steven Dweck, Nat Rockett, Lipa Lieberman, and Abie Kassin
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- Location119 Kent Ave, Brooklyn, NY 11249, USA
- Area15,510 SF
- Asset TypeMultiFamily
- Parties5 Brokers, 2 Agencies
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Deal Summary
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IMAGE: Steven Dweck, Nat Rockett, David Schechtman, Lipa Lieberman
DATE: 04/17/2018
ADDRESS: 119-123 Kent Avenue
CITY: New York
MARKET: Williamsburg
CROSS STREETS: Kent & North 7th
ASSET TYPE: Mixed-Use/Multifamily
PRICE: $22,500,000
SF: 15,510 PPSF: $1,450
UNITS: 20 – 17 Resi, 3 Retail, 1 Office PPU: $1.1M
SELLER: CW Realty Management, Joyland Group and Meral Property Group
BUYER: The Sharrati family
BROKER: Marcus and Milichap - Steven Dweck and Nat Rockett (Buyer) & Meridian - David Schechtman, Lipa Lieberman and Abie Kassin (Seller) @Meridian.Investment.Sales
LOAN: 12M
LENDER: Dime Savings Bank - Charlie Terrasi
LOAN DETAILS: 5 + 5 - 30 Year Amort
LOAN BROKER: Shamir Seidman of @Meridian.Capital.Group
NOTE: The sellers also sold the property’s inclusionary air rights for $1.75 million to Adam America Real Estate Group for the company’s project at 120 Union Avenue. The partners bought the Williamsburg properties in 2016 for $15.8 million. (TRD)
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