Hermann Family Trust Acquires Brooklyn Multifamily From Baranes Family For $1.7M

The property involved in this transaction is a multifamily asset located at 1645 Pacific Street, Brooklyn. It was sold for a total price of $1,700,000, with the property comprising 2 units. The total square footage of the asset is 1,839, resulting in a price per square foot of $924 and a price per unit of $850,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 1645 Pacific Street
• Market: Brooklyn
• Units: 2
• Square Footage: 1,839
• Price per Unit: $850,000
• Price per Square Foot: $924
• Buyer: Hermann Family Trust
• Seller: Baranes Family
• Buyer's Representative: Rory Bolger - Brown Harris Stevens
• Seller's Representative: Joe Brikman - Brooklyn Blocks Real Estate

This transaction featured Rory Bolger representing the buyer, Hermann Family Trust, while Joe Brikman acted on behalf of the seller, Baranes Family. Both representatives are associated with their respective real estate agencies, facilitating this multifamily asset deal within the Brooklyn market.