Michael Neamonitakis Acquires Multifamily Property In Fort Hamilton, Brooklyn For $8.7M

A multifamily property located at 101 Marine Avenue in Fort Hamilton, Brooklyn has been sold for $8,700,000. The property spans 27,470 square feet and has a price per square foot of $317. It consists of 30 units, with a price per unit of $290,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,700,000
• Square Footage: 27,470 sf
• Price per Square Foot: $317
• Number of Units: 30
• Price per Unit: $290,000
• Address: 101 Marine Avenue
• Market: Fort Hamilton, Brooklyn

The seller of the property was Steve Drogaris, while the buyer was Michael Neamonitakis. The deal was facilitated by Shaun Riney and Mark Zarrella of New York Multifamily, one of the most successful brokerage teams in New York.