Jacob Fulop Of Loom Capital Acquires Multifamily Asset In Greenpoint Brooklyn For $20M

The property asset involved in the transaction is a multifamily building located at 233 Franklin Street in Greenpoint, Brooklyn. The sale price was $20,000,000, and the asset consists of 20 units. The building has a gross building square footage of 48,600, with a price per building square foot of $411. Additionally, it offers a total square footage of 27,300, equating to a price per square foot of $732.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Units: 20
• Building Square Feet: 48,600
• Price per Building Square Foot: $411
• Total Square Feet: 27,300
• Price per Square Foot: $732
• Buyer: Jacob Fulop – Loom Capital
• Seller: Diego Salazar
• Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group

The key individuals involved in this transaction include Jacob Fulop representing Loom Capital as the buyer and Diego Salazar as the seller. The brokerage team comprised of Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde facilitated the deal through Investment Property Realty Group.