Alma Realty Acquires Sheepshead Bay Multifamily From Sentinel Real Estate For $13.1M

Efstathios Valiotis, represented by Alma Realty, has acquired a multifamily property located at 1775 East 18th Street in Sheepshead Bay, Brooklyn. The property is a residential elevator building with 96 units, spanning a total area of 109,312 square feet. The sale price for this transaction was $13.1 million, resulting in a per unit price of $136,458 and a price per square foot of $120.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,100,000
• Address: 1775 East 18th Street, Sheepshead Bay, Brooklyn
• Units: 96
• Price per Unit: $136,458
• Square Footage: 109,312
• Price per Square Foot: $120

The seller of the property was Brian Ritter, represented by Sentinel Real Estate. This transaction was facilitated by Efstathios Valiotis, acting as the buyer's representative from Alma Realty.