Thirdwave Corporation Purchases Multifamily Property From Barry Wagschal & Abe Garbo For $5.9M

The property asset involved in the transaction is located at 1001 Lorimer Street in the Greenpoint neighborhood of Brooklyn. This multifamily asset features three units, encompassing a total area of 5,200 square feet. The final sale price for the property was $5,900,000, resulting in a price per unit of $1,966,666 and a price per square foot of $1,134.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Units: 3
• Square Footage: 5,200
• Price Per Unit: $1,966,666
• Price Per Square Foot: $1,134
• Buyer: Thirdwave Corporation
• Seller: Barry Wagschal & Abe Garbo
• Broker Representatives: Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

The transaction involved a group of brokers from Investment Property Realty Group, including Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, Corey Haynes, Thomas Ventura, and Sal Monteverde. They played a crucial role in facilitating the deal, representing the buyer, Thirdwave Corporation, and the sellers, Barry Wagschal and Abe Garbo, throughout the transaction process.