George Georgaklis Acquires Bay Ridge Multifamily For $3.6M With Shaun Riney & Mark Zarrella - Marcus & Millichap

Located at 244 96th Street in Bay Ridge, Brooklyn, this multifamily property was recently sold. The property consists of 20 units with an average price per unit of $180,000. The total square footage of the property is 15,544, with a price per square foot of $232. The sale of this property was facilitated by brokers Shaun Riney and Mark Zarrella from Marcus & Millichap. The transaction was completed on June 11, 2023, with a sale price of $3,600,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Number of Units: 20
• Price per Unit: $180,000
• Total Square Footage: 15,544
• Price per Square Foot: $232
• Brokers: Shaun Riney and Mark Zarrella from Marcus & Millichap

Throughout the transaction process, the buyer, George Georgaklis, played a crucial role in acquiring this multifamily property in Bay Ridge, Brooklyn. The deal was finalized with the assistance of Shaun Riney and Mark Zarrella, who served as the buyer's representatives from Marcus & Millichap. Their expertise and negotiation skills ensured the successful completion of the sale.