SRMC Management Acquires Multifamily Asset From Poole Family For $3.15M In Brooklyn

The asset involved in this transaction is a multifamily property located at 207 East 91st Street in Brooklyn. It was sold for a total of $3,150,000 and encompasses a square footage of 35,240. The transaction showcases a gross rent multiplier of 5.5 and a capitalization rate of 7.83%. The price per unit is $82,894, while the price per square foot stands at $89.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Square Footage: 35,240
• Address: 207 East 91st Street
• Market: Brooklyn
• Gross Rent Multiplier: 5.5
• Cap Rate: 7.83%
• Price per Unit: $82,894
• Price per Square Foot: $89
• Buyer: SRMC Management
• Seller: Poole Family
• Brokers: Shaun Riney & Daniel Greenblatt - Marcus & Millichap

This transaction included the representation of the buyer by Shaun Riney and Daniel Greenblatt from Marcus & Millichap. There are still two properties remaining to be sold within this portfolio sale, and interested parties are encouraged to make contact for additional details.