Duke Properties Acquires Brooklyn Multifamily From Valley National Bank

Located at 54 Cumberland Street in Brooklyn, NY, a multifamily property was recently acquired/financed for a transaction amount of $2,059,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,059,000
• Address: 54 Cumberland Street, Brooklyn, NY
• Asset Type: Multifamily

Duke Properties, represented by Albert Dweck and Adam Sultan, served as the landlord for this transaction. Valley National Bank, led by Gerald H. Lipkin, provided the financing. The deal was facilitated by Brad Domenico from the Progress Capital agency.