Holliday Family Acquires Multifamily Property In Clinton Hill, Brooklyn For $1.7M

The multifamily property located at 201 Gates Avenue in Clinton Hill, Brooklyn has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 3,966. The sale price for the property was $1,700,000, resulting in a price per unit of $425,000 and a price per square foot of $429.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 201 Gates Avenue
• Market: Clinton Hill, Brooklyn
• Units: 4
• Price per Unit: $425,000
• Square Footage: 3,966
• Price per Square Foot: $429

The buyers in this transaction were the Holliday Family, while the sellers were the O'Shea Family. The deal was facilitated by brokers Shaun Riney, Andrew Bronsteen, Daniel Greenblatt, and Jason Farese from Marcus & Millichap.

Prior to engaging Marcus & Millichap as the exclusive listing brokers, the seller was considering an off-market offer of $1.2 million. However, with the assistance of the brokers, the property went from listing to contract signing in just three weeks. There were a total of 24 tours and 16 written offers during this time.