Ruben Damaghi Purchases 212 President Street Multifamily Property From Ilardi Family For $5.8M

The asset involved in this transaction is a multifamily property located at 212 President Street in Carroll Gardens, Brooklyn. It was sold for a total price of $5,800,000. The building consists of 4 units and has a total square footage of 5,720, which results in a price per unit of $1,450,000 and a price per square foot of $1,013. The building was delivered 100% vacant at the time of sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,800,000
• Buyer: Ruben Damaghi
• Seller: Ilardi Family
• Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - Investment Property Realty Group
• Units: 4
• Price Per Unit: $1,450,000
• Square Footage: 5,720
• Price Per Square Foot: $1,013

The transaction was represented by four brokers from Investment Property Realty Group, namely Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring. The building's sale highlighted the demand for multifamily assets in the Carroll Gardens market, further establishing the aforementioned brokers’ proficiency in handling notable real estate deals.