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Renaissance Realty Group Acquires 725 Dumont Avenue, 715 Dumont Avenue And 1647 Park Pl For $3.2M In Brooklyn

725 Dumont Avenue, 715 Dumont Avenue and 1647 Park Place
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This Mixed-use property located in NY was sold for $3,200,000 about 6 years ago. The brokers of the deal were Gabi Peretz and Danny Laniado

Fred Elle has sold three properties in Brooklyn, New York: 725 Dumont Avenue, 715 Dumont Avenue, and 1647 Park Pl. These properties are mixed-use apartment buildings with a total of 18 units and a combined square footage of 14,640. The transaction took place on February 2, 2018, with a sale price of $3,200,000. This equates to a price per square foot of $218 and a unit price of $177,000. The cap rate for this deal is 6%.

Summary of transaction details:

  • Property Type: Mixed Use/Apartment Buildings
  • Transaction Amount: $3,200,000
  • Square Footage: 14,640 sf
  • Price per Square Foot: $218
  • Units: 18
  • Price per Unit: $177,000
  • Cap Rate: 6%

Renaissance Realty Group, represented by Adir Cohen (@Mr_Cohen88), purchased the properties from Fred Elle. The deal was facilitated by Gabi Peretz and Danny Laniado of Really NY LLC.

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Deals
  • Location
    725 Dumont Avenue, Brooklyn, NY, USA725 Dumont Avenue, Brooklyn, NY, USA
  • Sale Price
    $3,200,000$3,200,000
    $218 PPSF$218 PPSF
  • Area
    14,640 SF14,640 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers2 Brokers

Agents

Danny Laniado

Danny Laniado

Deals4
Sold$7.2M

Gabi Peretz

Gabi Peretz

Deals4
Sold$7.2M

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Deal Summary

SALE IMAGE: Danny Laniado and Gabi Peretz DATE: 02/02/18 ADDRESS: 725 Dumont Avenue, 715 Dumont Avenue and 1647 Park Pl CITY: New York MARKET: Brooklyn ASSET TYPES: Mixed Use/ Apartment Buildings SELLER: FRED ELLE BUYER: Renaissance Realty Group - Adir Cohen @Mr_Cohen88 BROKERS: Gabi Peretz & Danny Laniado of Really NY LLC PRICE: $3,200,000 SF: 14,640 sf ~ PPSF: $218 UNITS: 18 ~ PPU: 177K CAP: 6%

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725 Dumont Avenue, 715 Dumont Avenue and 1647 Park Place

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