The Fotis Group Acquires Multifamily Property In Homecrest, Brooklyn For $14.6M

The multifamily property located at 1815 E 17th Street in Homecrest, Brooklyn has been sold. The property consists of 83 units with a total square footage of 73,932. The sale price for the property was $14,600,000, resulting in a price per unit of $175,904 and a price per square foot of $197.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,600,000
• Units: 83
• Price Per Unit: $175,904
• Square Footage: 73,932
• Price Per Square Foot: $197
• Address: 1815 E 17th Street
• Market: Homecrest, Brooklyn

The sale of the property was facilitated by Matt Fotis and Dustin Cook of The Fotis Group at Marcus & Millichap. They represented the parties involved in the transaction, ensuring a smooth and successful deal.