Northgate Real Estate Group Facilitates Sale Of 1777 Nostrand Avenue Multifamily In Brooklyn For $2.4M

The property asset involved in this transaction is a multifamily building located at 1777 Nostrand Avenue in Brooklyn. The transaction was finalized for a price of $2,400,000, encompassing a total of 9 units within the structure. The asset spans 5,570 square feet, resulting in a price per unit of $266,666 and a price per square foot of $430.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Units: 9
• Square Footage: 5,570
• Price Per Unit: $266,666
• Price Per Square Foot: $430
• Date of Sale: 5/15/2025
• Market: Brooklyn

Northgate Real Estate Group facilitated the bankruptcy sale of 1777 Nostrand Avenue. The brokers involved in this transaction were Greg Corbin, Chaya Milworn, and Felix Ades, representing the interests of the parties involved in the deal.