Silvershore Properties acquires five Brooklyn properties totaling $10.09 million
Brooklyn, NY Silvershore Properties, a New York-based company that acquires, repositions and develops multi-family rentals and mixed-use properties in Brooklyn, Manhattan and Queens, closed the following deals totaling $10.09 million:
• The sale of 808 Prospect Place in Crown Heights, Brooklyn for $4.85 million. This is a 15,735 s/f mixed-use building that features 19 units and five stores. It was built in 1900. It is a corner location with 95 feet of retail frontage on Nostrand Avenue. The seller is Spado Realty Corp., a local Brooklyn real estate company that rents, buys, sells and appraises real estate. There were no brokers on the deal.
• 318 Humboldt St. in Williamsburg, Brooklyn for $2.175 million. This is a 5,000 s/f building with seven apartments. It was built in 1900.
• 1207 Myrtle Ave in Bushwick, Brooklyn for $1.1 million. This is a 3,126 s/f building with two residential apartments and one store. It was built in 1900.
• 323 Chauncey St. in Bedford Stuyvesant, Brooklyn for $1.01 million. This is a 5,175 s/f building with six residential units. It was built in 1900.
• 737 Church Ave. in the Kensington Brooklyn for $960,000.This is a 3,300 s/f building with two apartments and one retail unit. It was built in 1900.
The company, founded by David Shorenstein and Jason Silverstein in 2009, presently owns about 70 properties, valued at $275 million — with 85% of them located in Brooklyn.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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