Steven Neuman Acquires 144 Units Multifamily In Marine Park Brooklyn From Jeff T. Blau For $23M

The transaction involved the sale of a multifamily asset located at 1865 Burnett Street, 3001 Avenue R & 3004 Avenue R in the Marine Park neighborhood of Brooklyn. The property consists of 144 units with a price of $23,000,000, translating to a price per unit of $159,722. This deal closed on May 30, 2025, and was recorded on June 10, 2025.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Units: 144
• Price Per Unit: $159,722
• Buyer: Steven Neuman
• Seller: Jeff T. Blau - Related Companies
• Market: Marine Park, Brooklyn

Steven Neuman acquired the 144 units through three separate transactions with Related Companies, which were all cash-flowing investments. Jeff T. Blau represented Related Companies in this deal.