Rosario Parlanti Acquires Multifamily Property In Bensonhurst, Brooklyn For $1.25M

The multifamily property located at 1526 W 4th Street in Bensonhurst, Brooklyn was recently sold for a total price of $1,250,000. The property consists of 6 units and spans a total area of 5,667 square feet. The sale price per square foot is approximately $221, with a price per unit of $208,000. The cap rate for this property is 1.51%, and the gross rent multiplier (GRM) is 20.538.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Square Feet: 5,667
• Price per Square Foot: $221
• Price per Unit: $208,000
• Number of Units: 6
• Cap Rate: 1.51%
• Gross Rent Multiplier (GRM): 20.538

The seller of the property was Vincent Luca, while the buyer was Rosario Parlanti. The transaction was facilitated by Marcus & Millichap, with John Brennan and Samuel Finkler serving as the brokers representing the parties involved. It's worth noting that one unit was vacant at the time the offer was accepted, and another unit became vacant while under contract.