Qi Gui Zheng Acquires Multi Family Property In Brooklyn For $4.5M

The multi-family property located at 129 Smith Street in New York City's Brooklyn neighborhood has been sold in a closed transaction. The property spans 3,420 square feet and was sold for a price of $4,500,000, resulting in a price per square foot of $1,315.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $4,500,000
• Address: 129 Smith Street, New York
• City: Brooklyn
• Square Footage: 3,420 sf
• Price Per Square Foot: $1,315

The seller of the property was Lorraine Gerrity, while the buyer was Qi Gui Zheng. Representing both parties in the deal were Marcus & Millichap's brokers, Matt Fotis and Matt Shapiro.