SOLD
TerraCRG Brokers $1.7M Sale Of Mixed-use Property In Brooklyn
499 3rd Avenue
Mixed-use
2,280 SF
2,280 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
2,280 sqft
The mixed-use property located at 499 3rd Avenue in Brooklyn, New York has been sold for a total price of $1,700,000. The property has a price per square foot of $717 and a price per unit of $566,666. With a cap rate of 5%, this transaction represents a significant investment opportunity in the Brooklyn market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,700,000
- Price per Square Foot: $717
- Price per Unit: $566,666
- Cap Rate: 5%
The seller of the property is Silvershore Properties, represented by David Shorenstein and Jason Silverstein. The buyer is Leo Novik, and the brokerage firm involved in the transaction is TerraCRG, represented by Adam Hess and Edward Setton.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Edward Setton, Adam Hess, Jason Silverstein and David Shorenstein
DATE: 02/08/18
ADDRESS: 499 3rd Avenue
CITY: New York
MARKET: Brooklyn
ASSET TYPE: Mixed-Use
PRICE: $1,700,000
PPSF: $717 PPU: $566,666
CAP RATE: 5%
SELLER: Silvershore Properties – David Shorenstein & Jason Silverstein
BUYER: Leo Novik BROKER: TerraCRG – Adam Hess & Edward SettonView on map
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Address499 3rd Avenue
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