Penn South Capital Acquires Multifamily Building In Williamsburg, Brooklyn For $3M

Penn South Capital's 110 S 2 RLA LLC has acquired a four-unit multifamily building (C3) located at 110 South 2nd Street in Williamsburg, Brooklyn. The property was purchased from Skylight Real Estate Partners' Broadway Williamsburg Four LLC for a total of $3 million. With a total square footage of 4,180, the price per square foot of the transaction comes out to $718. The property is situated in the vibrant market of Williamsburg, Brooklyn.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Square Footage: 4,180
• Price per Square Foot: $718
• Address: 110 South 2nd Street, Williamsburg, Brooklyn
• Buyer: Parag Sawhney - Penn South Capital
• Seller: Anthony J. Cornicello - Skylight Real Estate Partners
• Date: 09/26/2023
• Market: Williamsburg, Brooklyn

The transaction was facilitated by Parag Sawhney on behalf of Penn South Capital and Anthony J. Cornicello representing Skylight Real Estate Partners. Both parties played a crucial role in the successful sale of the property. The acquisition by Penn South Capital's 110 S 2 RLA LLC of the multifamily building at 110 South 2nd Street demonstrates their strategic investment in the Williamsburg, Brooklyn market.