New York Multifamily Acquires Greenpoint Multifamily For $2M

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.