Silverstein and Shorenstein of Silvershore Properties acquires two new buildings in Brooklyn for $3.07 million
Silvershore Properties, one of the most active mid-market investors in Manhattan and Brooklyn, purchased two Brooklyn buildings in Boerum Hill and Bushwick to add to the firm's growing portfolio.
* 208 Hoyt Street in Boerum Hill, a 3,500 s/f corner mixed-use building, purchased for $1.72 million.
* 590 Bushwick Avenue in Bushwick, a 5,500 s/f. corner mixed use building, purchased for $1.35 million.
"We are heavily focused on Brooklyn," said Silvershore co-principal Jason Silverstein. "We will be very aggressive on any opportunity presented to us."
Year to date, Silvershore has spent $60 million on over 20 purchases throughout New York City. "From small buildings to large apartment buildings, we want to acquire as many properties as possible," said Silvershore co-principal David Shorenstein.
No other brokers were involved in the deals.
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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