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Hang Fei Lin Acquires Mixed-Use Property In Cobble Hill For $2.1M

175 Smith Street
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This Mixed-use property located in NY was sold for $2,100,000 about 3 years ago. The broker of the deal was Richard (Rich) Velotta

175 Smith Street, located in the Cobble Hill market, has recently been sold in a mixed-use transaction. The property consists of 3 units, with a total square footage of 3,300. The sale price for this transaction was $2,100,000, equating to a price per square foot of $637. The buyer in this transaction was Hang Fei Lin, while the seller was Bob McDonald.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,100,000
  • Units: 3
  • Price per Unit: $700,000
  • Square Footage: 3,300
  • Price per Square Foot: $637
  • Date: 02/12/2021
  • Address: 175 Smith Street
  • Market: Cobble Hill

Rich Velotta, from Raven Property Advisors, represented both the buyer, Hang Fei Lin, and the seller, Bob McDonald, in this transaction.

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Deals
  • Location
    175 Smith Street, Brooklyn, NY, USA175 Smith Street, Brooklyn, NY, USA
  • Sale Price
    $2,100,000$2,100,000
    $636 PPSF$636 PPSF
  • Area
    3,300 SF3,300 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Richard (Rich) Velotta

Richard (Rich) Velotta

Deals17
Sold$192.5M

Agency

Raven Property Advisors

Raven Property Advisors

Agency
Deals48
Volume$455.5M

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Deal Summary

SALE IMAGE: Rich Velotta DATE: 02/12/2021 ADDRESS: 175 Smith Street MARKET: Cobble Hill ASSET TYPE: Mixed-use BUYER: Hang Fei Lin SELLER: Bob McDonald BROKER: Rich Velotta @TeamVelotta @RavenPropertyAdvisors SALE PRICE: $2,100,000 UNITS: 3 ~ PPU: $700,000 SF: 3,300 ~ PPSF: $637

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175 Smith Street

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