DAX Real Estate Acquires Multifamily Property In Williamsburg, Brooklyn For $3.12M

The multifamily property located at 245 South 3rd Street in Williamsburg, Brooklyn was recently sold in a closed transaction. The property features 8 units and spans a total of 6,000 square feet. The sale price for this multifamily asset was $3,125,000, translating to a price per unit of $390,625 and a price per square foot of $520. The transaction was a success, with the property being in contract within the first 30 days of marketing and closing for 99% of the asking price.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,125,000
• Units: 8
• Price per Unit: $390,625
• Square Footage: 6,000
• Price per Square Foot: $520
• Address: 245 South 3rd Street, Williamsburg, Brooklyn

DAX Real Estate, represented by Daniel Hedaya and Max Seibald, acted as the buyer in this transaction. Monique Luchetti served as the seller. The deal was facilitated by Marcus & Millichap, with the brokerage team consisting of Andrew Bronsteen, Mike Salvatico, Shaun Riney, and Sam Leppo. The property garnered significant interest, attracting over 10 offers and ultimately closing for an impressive 99% of the asking price.