Brookline Investment Group Acquires Multifamily Property In St. Augustine For $77M

Located at 40 Brisa Ave in St. Augustine, this multifamily property spans across 22.11 acres. The property was recently sold for a transaction amount of $77,000,000 to the Brookline Investment Group. The seller, Brisa Residences LLC, completed the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77,000,000
• Address: 40 Brisa Ave
• Market: St. Augustine
• Buyer: Brookline Investment Group - Michael Narlinger
• Seller: Brisa Residences LLC
• Acres: 22.11

The Brookline Investment Group, represented by Michael Narlinger, secured the purchase of this 256-unit property at a price per unit of $300,781. This successful transaction highlights the strong demand for multifamily properties in the St. Augustine market.