Yihai North America Acquires Multifamily Property In Williamsburg, Brooklyn For $45.5M

The multifamily property located at 111 Kent Avenue in Williamsburg, Brooklyn, has been sold for a total price of $45,500,000. The transaction was facilitated by JLL brokers Jeff Julien, Rob Hinckley, and Steven Rutman.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $45,500,000
• Address: 111 Kent Avenue, Williamsburg, Brooklyn
• Square Footage: 82,081
• Price Per Square Foot: $554
• Number of Units: 62
• Price Per Unit: $733,870

The buyer of the property is Yihai North America, represented by Linda Wong. The seller is American Realty Advisors, represented by Stanley Iezman. The sale of this multifamily asset marks a significant transaction in the Williamsburg market.