SA Realty Holdings Acquires Mixed-Use Property In Crown Heights, Brooklyn For $3M

Located in Crown Heights, Brooklyn, a mixed-use property at 344-348 Utica Ave. was recently sold for $3 million. The transaction took place on February 19, 2019. Spanning an area of 8,400 square feet, the property consists of 5 apartments and 4 retail units. With a price per square foot of $357, the property was valued at approximately $333,333 per unit.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3 million
• Address: 344-348 Utica Ave.
• Market: Crown Heights, BK
• Square Footage: 8,400
• Price per Square Foot: $357
• Units: 5 Apartments & 4 Retail
• Price per Unit: $333,333

The seller of the property was Lennox Gilpin, while the buyer was SA Realty Holdings, represented by Sammy Aranbaev. The transaction was facilitated by brokers from BRG Commercial Real Estate – Derek Bestreich, Luke Sproviero, and Steve Reynolds.