Joseph Stillman Sells Multifamily Property In Greenpoint, Brooklyn For $2.25M With Christen Portelli - Highcap Group

Located at 188 Freeman St, Greenpoint, Brooklyn, NY, this multifamily property was recently sold in a closed transaction. The sale, facilitated by Christen Portelli from Highcap Group, had a final sale price of $2,250,000. The property spans 5,075 square feet, resulting in a price per square foot of $443. The lot size is 2,500 square feet, with dimensions of 25 ft x 100 ft. The property falls under the R6B zoning category and has a floor area ratio (FAR) of 2.03. The tax class for this property is 2A. Notably, the property has an alteration permit dated July 21, 2010.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Address: 188 Freeman St, Greenpoint, Brooklyn, NY
• Market: Greenpoint, Brooklyn, NY
• SF: 5,075
• PPSF: $443
• Zoning: R6B

This transaction was made possible by Joseph Stillman, the seller of the property. Christen Portelli, representing Highcap Group, acted as the broker in the deal. The property, owned by the same family for over 20 years, features large loft apartments with 14'-18' ceilings, ample natural light, and outdoor terrace and balconies. It currently consists of 4 residential units, as well as commercial space and parking facilities. The sale closed within a month from its exclusive listing with Highcap Group.

For more information about this transaction, please contact Christen Portelli at Highcap Group. Christen Portelli is the Co-Founder and Principal of Highcap Group and can be reached at 646-546-5255 or [email protected].