SOLD
@DaveanHoldings Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $5.55M
131 Smith Street
Mixed-use
59,500 SF
59,500 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
59,500 sqft
The mixed-use property located at 131 Smith Street in Cobble Hill, Brooklyn has been sold. The property spans 5,950 square feet and was purchased for a total of $5,550,000. The transaction took place off-market and the building is currently 100% occupied. The sale price reflects a going-in Cap Rate of 5.3%.
Summary of Transaction Details
- Property Type: Mixed-use
- Sale Price: $5,550,000
- Square Footage: 5,950
- Address: 131 Smith Street
- Market: Cobble Hill, Brooklyn
The seller of the property was Lorraine Gerrity, while the buyers were Sean Lefkovits, David Lloyd, and Lance Lefkovits of Davean Holdings. Representing the buyers in the deal was Rich Velotta from Team Velotta.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Sean Lefkovits, David Lloyd, Lance Lefkovits & Rich Velotta
DATE: 02/20/2020
ADDRESS: 131 Smith Street
MARKET: Cobble Hill, Brooklyn
ASSET TYPE: Mixed-use
SALE PRICE: $5,550,000
SF: 5,950
SELLER: Lorraine Gerrity
BUYER: @DaveanHoldings Sean Lefkovits, David Lloyd & Lance Lefkovits
BROKER: Rich Velotta @TeamVelotta
NOTE: Purchased off-market for 5.3% going-in Cap Rate. Building is 100% […]View on map
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Address131 Smith Street
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