Carter Martin Acquires Bushwick Multifamily For $4.7M With Bestreich, Sproviero, Reynolds, Reynolds, & Davila - IPRG

A multifamily property located at 147 Stanhope Street in Bushwick, Brooklyn has been sold in a closed transaction. The property consists of 8 units with a total square footage of 6,000. The sale price for this transaction was $4,700,000, resulting in a price per unit of $587,500 and a price per square foot of $783.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,700,000
• Units: 8
• Price per Unit: $587,500
• Square Footage: 6,000
• Price per Square Foot: $783

In this transaction, the buyer was Carter Martin and the seller was Sam Retek. The deal was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Steve Reynolds, Tom Reynolds, and Brian Davila.