Patoma Partners Acquires Mixed-Use Property In Bushwick From The Salerno Family For $2M
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This Mixed-use property located in NY was sold for $2,000,000 about 2 years ago. The brokers of the deal were Michael Kolbus, Shaun Riney, and Michael (Mike) Salvatico
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- Location284 Suydam Street, Brooklyn, New York 11237, United States
- Sale Price$2,000,000$410 PPSF
- Area4,875 SF
- Asset TypeMixed-use
- Parties3 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Michael Kolbus, Shaun Riney & Mike Salvatico
DATE: 02/03/2022
ADDRESS: 284 Suydam Street
MARKET: Bushwick
ASSET TYPE: Mixed-use ~ ZONING: R6
BUYER: Patoma Partners
SELLER: The Salerno Family
BROKERS: Shaun Riney (@ShaunRiney1), Mike Salvatico (@MikeSalvatico) & Michael Kolbus (@MichaelKolbus_Nym) (NYM Group) (@NewYorkMultifamily) - Marcus & Millichap
SALE PRICE: $2,000,000
UNITS: 4 ~ PPU: $500,000
SF: 4,875 ~ PPSF: $410
NOTE FROM BROKER: First sale in 50+ years. 284 Suydam Street is a mixed-use property overlooking Maria Hernandez Park in Bushwick. Office tenant vacated due to Covid & the seller is exchanging into a management-free, net-leased property with higher cashflow. Reach out to the deal team: Shaun Riney (@ShaunRiney1), Mike Salvatico (@MikeSalvatico), or Michael Kolbus (@MichaelKolbus_NYM) for the full deal story, similar properties for sale, or for help transitioning your real estate.
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284 Suydam Street
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