Meridian Properties Acquires Multifamily Property In Midwood, Brooklyn For $10.2M

The multifamily property located at 1550 East 13th Street in Midwood, Brooklyn has been sold in a recent transaction. The sale was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Shaun Riney, and Mark Zarrella from NewYorkMultifamily and MarcusMillichap_NY. The buyer, Meridian Properties represented by Mike Niamonitakis, acquired the property from the seller, The Gold Family.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,200,000
• Address: 1550 East 13th Street
• Market: Midwood, Brooklyn

The multifamily property spans a total area of 58,500 square feet and has a sale price per square foot of $174. It consists of 54 units, with each unit valued at approximately $189,000.

This successful transaction showcases the expertise and negotiation skills of the brokers involved, including Peter Von Der Ahe, Joe Koicim, Shaun Riney, and Mark Zarrella from NewYorkMultifamily and MarcusMillichap_NY. The buyer, Meridian Properties, represented by Mike Niamonitakis, recognized the value of the property, while The Gold Family seized the opportunity to sell.