Cras Family Acquires Williamsburg Multifamily For $9.75M

The multifamily property located at 117 North 4th Street in Williamsburg, Brooklyn has been sold for a final price of $9,750,000. The property consists of 8 units, with each unit having a price per unit of $1,218,750. The total square footage of the property is 6,500, resulting in a price per square foot of $1,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,750,000
• Units: 8
• Price per Unit: $1,218,750
• Square Footage: 6,500
• Price per Square Foot: $1,500
• Address: 117 North 4th Street, Williamsburg, Brooklyn

The buyer of the property is the Cras Family, while Joseph Sutton served as the seller. The transaction was facilitated by Michael Sherman of Baseline Real Estate Advisors, who represented Joseph Sutton as his broker in the deal.