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Aperture Holdings Acquires Mixed-Use Property In Brooklyn For $2.2M

718 Lorimer Street
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This Mixed-use property located in NY was sold for $2,215,000 over 3 years ago. The brokers of the deal were Samuel (Sam) Leppo, Shaun Riney, and Michael (Mike) Salvatico

The property located at 718 Lorimer Street in Brooklyn has been sold for a total price of $2,215,000. The mixed-use asset consists of 6 units with a per unit price of $369,166. The total square footage of the property is 4,125, resulting in a price per square foot of $536. The sale took place on July 26, 2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,215,000
  • Units: 6
  • Price per Unit: $369,166
  • Total Square Footage: 4,125
  • Price per Square Foot: $536

The buyer of the property is Aperture Holdings, represented by Pir Granoff and Douglas Baillie. The seller is The Pasquenza Family. The brokers involved in the deal include Shaun Riney, Michael Salvatico, and Sam Leppo from NewYorkMultifamily and MarcusMillchap_NY.

It is worth noting that the building comprises of 4 FM apartments, 1 rent controlled unit, and one vacant store in the front left of the property.

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Deals
  • Location
    718 Lorimer Street, Brooklyn, NY 11211718 Lorimer Street, Brooklyn, NY 11211
  • Sale Price
    $2,215,000$2,215,000
    $537 PPSF$537 PPSF
  • Area
    4,125 SF4,125 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Samuel (Sam) Leppo

Samuel (Sam) Leppo

Deals55
Financed$266.4M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Shaun Riney, Sam Leppo, Michael Salvatico, Douglas Baillie & Pir Granoff DATE: 07/26/2021 ADDRESS: 718 Lorimer Street MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Aperture Holdings - Pir Granoff & Douglas Baillie SELLER: The Pasquenza Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Sam Leppo (@Leppo.CRE) @NewYorkMultifamily @MarcusMillchap_NY SALE PRICE: $2,215,000 UNITS: 6 ~ PPU: $369,166 SF: 4,125 ~ PPSF: $536 NOTE FROM @NewYorkMultifamily: The building consists of 4 FM apartments & 1 rent controlled unit along with one vacant store in the front left of the property.

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718 Lorimer Street

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