The recently closed property transaction in Greenpoint, Brooklyn involved a multifamily building located at 231 North Henry Street. The asset consists of free-market apartments, all of which are three-bedroom and two-bathroom units. With a sale price of $5,350,000, this property presents a valuable investment opportunity.

Summary of transaction details

• Property Type: Multifamily (Free-Market Apartments, all 3 Bed 2 Bath)
• Transaction Amount: $5,350,000
• Address: 231 North Henry Street, Greenpoint, Brooklyn
• Market: Greenpoint, Brooklyn
• BROKERS: Adam J Hess & Edward Setton - Meridian Capital Group
• UNITS: 6 ~ PPU: $891,667
• SF: 7,110 ~ PPSF: $752
• CAP RATE: 5.5%

Represented by Adam J Hess and Edward Setton from Meridian Capital Group, this successful transaction demonstrates the expertise and professionalism of the brokerage team. Their knowledge of the market and negotiation skills contributed to the favorable outcome of the deal.