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New York Multifamily Acquires Greenpoint Multifamily For $2M

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SOLD
$2,000,000

New York

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MultiFamily4,000 SF
Sold 07/30/2020
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Property Image
SOLD

New York Multifamily Acquires Greenpoint Multifamily For $2M

176 West Street, Brooklyn, NY 11222, USA

See Similar Deals
MultiFamily4,000 SF
Sold 07/30/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:4,000 SF
Transaction Type:Sale

176 West Street, located in Greenpoint, was recently sold in a multifamily property transaction. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, and Michael Kolbus from New York Multifamily and Marcus & Millichap. The property was sold by The Kay Family.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $2,000,000
  • Square Footage: 4,000
  • Price Per Square Foot: $500

The transaction took place on July 30, 2021. The property, consisting of approximately 4,000 square feet, was sold at a price of $2,000,000, resulting in a price per square foot of $500.

It is worth noting that 176 West Street was sold "As-Is" without a Certificate of NON-Harassment in place, according to New York Multifamily. This means that the buyer acquired the property in its current condition without any guarantees regarding harassment issues.

Players

Michael (Mike) Salvatico
173 deals$787M volume(718) 475-4358
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Michael Kolbus
11 deals$30.1M volume(309) 258-7746
BROKER

Details

SOLD
IMAGE: Michael Salvatico, Shaun Riney & Michael Kolbus DATE: 07/30/2021 ADDRESS: 176 West Street MARKET: Greenpoint ASSET TYPE: Multifamily SELLER: The Kay Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Michael Kolbus (@MJKolbus) @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $2,000,000 SF: 4,000 ~ PPSF: $500 NOTE FROM @NewYorkMultifamily: 176 West Street was an SRO building that was sold As-Is without a Certificate of NON-Harassment in place.

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