The Garbo Family Acquires Multifamily Property In Brooklyn For $4.3M

The Garbo Family has purchased a multifamily property located at 132 Montague Street in Brooklyn. The property was sold by The Kirsh Family for a total price of $4,300,000. The building has a total square footage of 7,500, resulting in a price per square foot of $573. The transaction was closed in an all-cash deal, and the buyer completed the purchase within 30 days.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Address: 132 Montague Street
• Market: Brooklyn

The brokers involved in the transaction were Shaun Riney, Michael Salvatico, Andrew Bronsteen, and Robert Ferman, representing Marcus & Millichap.

It is worth noting that at the time of sale, 132 Montague Street was in shell condition due to severe fire damage. The property is located in a heavily landmarked area and required complete redevelopment. The sale was made "as-is," and the buyer opted to pay the full amount in cash.