Updated Nov 7, 2025
Petrolino Family Sells Multifamily Property At 140 Summit Street Brooklyn For $3.65M
140 Summit Street
$3,650,000
$1,117/SF
Building Size
3,266 SF
Asset Type
MultiFamily
Closing
Oct 20, 2025
About this deal
AI
The transaction involves a multifamily asset located at 140 Summit Street in Brooklyn. The property was sold by The Petrolino Family for $3,650,000. It comprises 4,562 square feet, resulting in a price per square foot of $800.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Address: 140 Summit Street
- Market: Brooklyn
- Square Footage: 4,562
- Price per Square Foot: $800
- Seller: The Petrolino Family
- Brokers: Miles Davis-Bosch, Frederick Richter, Patrick Madigan & Joseph Moran - Avison Young
The brokers involved in this transaction are Miles Davis-Bosch, Frederick Richter, Patrick Madigan, and Joseph Moran, representing the sellers, The Petrolino Family. They facilitated the sale process for the multifamily asset in Brooklyn.
On the Map
$3,650,000
$1,117/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93