Platinum Realty Associates Acquires Multifamily Property In Williamsburg For $3.9M

A multifamily property located at 103 Berry Street in Williamsburg, Brooklyn has been sold for a price of $3,900,000. The property consists of 7 units, with a price per unit of $557,143. The total square footage of the property is 5,481, with a price per square foot of $712. The transaction was completed with a 6.8% cap rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,900,000
• Units: 7
• Price Per Unit: $557,143
• Square Footage: 5,481
• Price Per Square Foot: $712

The buyer in this transaction was Platinum Realty Associates. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.

Brokers Shaun Riney, Michael Salvatico, and Samuel Leppo of Marcus & Millichap also have another opportunity for sale in the Prime North Williamsburg area. This opportunity is a 100% free-market mixed-use building located on North 11th Street, just one block away from McCarren Park. The building offers a 7.15% cap rate and is currently available on the private market. Interested buyers are encouraged to contact Shaun Riney for further details.