Jordan Vogel Sells 10-Unit Multifamily Property In Cobble Hill, Brooklyn For $7M

A multifamily property located at 222 Pacific Street in Cobble Hill, Brooklyn has been sold. The property consists of 10 units, with a total square footage of 9,388. The sale price for the property was $7,000,000, resulting in a per unit price of $700,000 and a price per square foot of $746.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 222 Pacific Street
• Market: Cobble Hill, Brooklyn
• Units: 10
• Price per Unit: $700,000
• Total Square Footage: 9,388
• Price Per Square Foot: $746

The sale of this property was facilitated by brokers Shaun Riney, Michael Salvatico, Robert Ferman, Mark Zarrella, and Joe Koicim from Marcus & Millichap.

The transaction was a core plus acquisition with a 6.2% cap rate. The property generated significant interest, with 11 competitive offers. For similar core-plus assets in NYC's best neighborhoods, interested parties can contact Shaun Riney at 718-475-4369. Special thanks were extended to Adam Goldstein of Greenberg Traurig LLP for his assistance as seller counsel.