Joseph Arlia Purchases Multifamily Property From Gloria Dichiara In Brooklyn For $4.3M

The property asset involved in the transaction is a multifamily unit located at 107 Willow Street, Brooklyn. The sale price was $4,300,000, and the property spans 4,282 square feet, resulting in a price per square foot of $1,004.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Address: 107 Willow Street
• Market: Brooklyn
• Square Footage: 4,282
• Price per Square Foot: $1,004
• Buyer: Joseph Arlia
• Seller: Gloria Dichiara
• Brokers: Shaun Riney, Michael (Mike) Salvatico & William Carbonari - Marcus & Millichap

This transaction involved significant individuals in the brokerage field, with Shaun Riney, Michael Salvatico, and William Carbonari representing the parties throughout the deal. A note from the broker highlights that the property was a former single room occupancy (SRO) that was delivered vacant after a long-term ownership period.