Ernest Sasto Acquires Multifamily Property In Bayridge For $11.9M

A multifamily property located at 140 Bay Ridge Parkway in the Bayridge market has been sold for a total price of $11,900,000. The transaction took place on September 30, 2021. The property consists of 42 units with an average price per unit of $283,333. It spans a total area of 45,360 square feet, resulting in a price per square foot of $262. The buyer of the property is Ernest Sasto, while the seller is William Koeppel. The broker representing the transaction is Ben Weiss from Besen Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,900,000
• Units: 42
• Price per Unit: $283,333
• Square Footage: 45,360
• Price per Square Foot: $262

For more information or a complimentary valuation for your Brooklyn multifamily asset(s), you can contact Ben Weiss from Besen Partners at 212 951-8418 or [email protected].