Dalan Management Acquires Multifamily Property At 260 Gold St. In Downtown Brooklyn For $225M

The multifamily property located at 260 Gold St. in Downtown, Brooklyn has been sold in a transaction. The sale took place on 06/09/2022, and the asset consists of 286 units with a total square footage of 261,035. The sale price for this property was $225,000,000, resulting in a price per unit of $786,713 and a price per square foot of $861.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $225,000,000
• Address: 260 Gold St., Downtown, Brooklyn
• Market: Downtown, Brooklyn
• Buyer: Dalan Management
• Seller: Bruman Realty - Abraham Mandel
• Brokers: Lazer Sternhell, Peter Vanderpool & Sarah Mae Selnick - Cignature Realty Associates

Cignature Realty Associates, represented by brokers Lazer Sternhell, Peter Vanderpool, and Sarah Mae Selnick, facilitated the transaction. Cignature Realty is a leading firm in New York Metro multifamily and apartment building sales and has received the CoStar Top Firms honor four times. For more information about their sold deals, recent news, market reports, and current listings, visit CignatureRealty.com.