Baseline Real Estate Advisors Acquires Multifamily Property In Williamsburg, Brooklyn For $1.95M

Located in the heart of Williamsburg, Brooklyn, a multifamily property at 143 North 7th Street has recently been sold in a closed transaction. The property, spanning a total area of 6,500 square feet, offers eight units to its residents. The sale price for this transaction was recorded at $1,950,000, resulting in a price per square foot of $300. With a unit price of $243,750, this property presents an attractive investment opportunity in the Williamsburg market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,950,000
• Date: 05/26/2021
• Address: 143 North 7th Street
• Market: Williamsburg, Brooklyn
• Zoning: R6B

In this transaction, Helen Skrok served as the seller of the property. Representing the buyer was Michael Sherman from Baseline Real Estate Advisors, while Marek Sobolewski from Trademarko Realty Inc. acted as the seller's representative. These real estate professionals played an instrumental role in facilitating the successful sale of the property at 143 North 7th Street.