Piller Family Acquires Multifamily Property In Brooklyn For $3.27M With Fred Bijou As The Broker

A multifamily property located at 140 Martense Street in Brooklyn has been sold for $3,270,000. The asset comprises 9 units and offers a total square footage of 6,098, with a price per unit of $363,333 and a price per square foot of $536. The property was recently renovated and is situated in the Prospect Lefferts Gardens area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,270,000
• Units: 9
• Square Footage: 6,098
• Price Per Unit: $363,333
• Price Per Square Foot: $536
• Buyer: Piller Family
• Broker: Fred Bijou - Bijou Equities
• Cap Rate: 6.73%

Fred Bijou of Bijou Equities represented the transaction, successfully marketing the property which generated significant interest, including 19 tours and 11 written offers. This resulted in a competitive bidding scenario involving two different buyers.