Teresa Ann Acquires Multi-Family Property In Brooklyn For $1.45M

The multi-family property located at 20 Harrison Place in Brooklyn, New York has been sold for a price of $1,450,000. The transaction was completed between the seller, Silvershore, and the buyer, Teresa Ann. The property is situated in the thriving market of East Williamsburg.

Summary of transaction details

• Property Type: Multi-family
• Transaction Amount: $1,450,000
• Seller: Silvershore
• Buyer: Teresa Ann
• Broker: Eastern Consolidated - Jonathan Schwartz

The property has a net operating income (NOI) of $70,000 and a capitalization rate (CAP rate) of 4.8%. Despite the upcoming L train shutdown, the area of East Williamsburg where the property is located continues to thrive.