Richard Velotta & Sam Perry Of Raven Property Advisors Facilitate Multifamily Sale In Brooklyn For $20M

The transaction involves a multifamily property located at 230 73rd Street & 2911 Brighton 5th Street in Brooklyn. The sale price of the asset was $20,000,000, encompassing a total of 165 units. The property measures 148,000 square feet, translating to a price per unit of $121,212.12 and a price per square foot of $135.14.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Units: 165
• Square Footage: 148,000
• Price per Unit: $121,212.12
• Price per Square Foot: $135.14
• Date of Transaction: 10/29/2025
• Brokers: Richard Velotta & Sam Perry - Raven Property Advisors

The individuals involved in the transaction include Richard Velotta and Sam Perry, who represented the deal as brokers from Raven Property Advisors. Their involvement was critical in facilitating the sale of this multifamily property within the Brooklyn market.