Thomas Trimarchi Acquires Multifamily In Greenpoint For $3.5M

The multifamily property located at 186 Russell Street in Greenpoint, Brooklyn has been sold in a recent transaction. The property is zoned as R6B and has a lot size of 2,000 square feet. The sale took place on July 1, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Address: 186 Russell Street
• Market: Greenpoint, Brooklyn
• Zoning: R6B

The buyer of the property is Thomas Trimarchi, while the seller is Victor Ostreicher. The sale price for the property was $3,500,000. The building has a total building square footage of 4,000, resulting in a price per building square footage of $875. The total lot area of the property is 2,500 square feet, with a price per square foot of $1,400.

Additional details include a floor area ratio (FAR) of 1.25 and a tax class of 1. The property has obtained an alteration certificate of occupancy (CO) on June 9, 2022. The lot dimensions are 20 feet by 100 feet.