Workable City Development & Rabina Properties Acquire Multifamily Property In Greenpoint For $33M

The multifamily property located at 239 Banker Street in Greenpoint has been sold for a price of $33,000,000. The property spans a total square footage of 63,100, resulting in a price per square foot of $522. This transaction involved the sale of 69 units at a price per unit of $478,260. The buyer of the property is Workable City Development & Rabina Properties, while the seller is Bruman Realty represented by Joseph Brunner.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Square Footage: 63,100
• Price per Square Foot: $522
• Number of Units: 69
• Price per Unit: $478,260

The deal was facilitated by Adam Heller, Josh Rabina, Sara Willard, and Mickey Rabina. They acted as representatives for Workable City Development & Rabina Properties, ensuring the smooth completion of the transaction. This transaction marks a significant investment in the Greenpoint market, showcasing the continued growth and attractiveness of the area for multifamily property.