Elevation Equities Acquires Mixed-Use Property In Brooklyn For $2M

The mixed-use property located at 344 Lorimer Street in Brooklyn, New York was recently sold in a transaction that closed on July 2, 2018. The property, with a building square footage (BSF) of 7,463, was sold for a price of $2,000,000, resulting in a price per buildable square foot (PPBSF) of $268.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,000,000
• Address: 344 Lorimer Street
• Market: Brooklyn
• City: New York
• Seller: Monisha Akhoury
• Buyer: Elevation Equities
• Brokers: Mike Salvatico, Shaun Riney, and Matt Peters (New York Multifamily)

The deal involved the seller, Monisha Akhoury, and the buyer, Elevation Equities. Representing the buyer and seller were brokers Mike Salvatico, Shaun Riney, and Matt Peters from New York Multifamily.