Greenbrook Partners Acquires Multifamily Building In Stuyvesant Heights, Brooklyn For $1.52M

A multifamily property located at 168 Sumpter Street in Stuyvesant Heights, Brooklyn has been sold in a closed transaction. The property consists of a 6-unit building with a total of 5,438 square feet. The sale price for the property was $1,520,000, resulting in a price per unit of $253,333 and a price per square foot of $280.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,520,000
• Units: 6
• Price per unit: $253,333
• Square footage: 5,438
• Price per square foot: $280
• Market: Stuyvesant Heights, Brooklyn

The buyer of the property was Greenbrook Partners, while the seller was Freddie Thompson. The deal was facilitated by Haley Hasho, Joey Mohsen, and Justin Conway, who represented both the buyer and seller through Exodus Capital.

It is worth noting that the 6-unit building was delivered vacant. The buyer has plans for a substantial rehabilitation play for the property.