Ahmed Family Purchases Multifamily Property From Sorrentino Family For $1.21M In Brooklyn

This multifamily asset located at 265 91st Street in the Brooklyn market was sold for $1,210,000. The property comprises 6 units, with a price per unit of $201,666. The total square footage of the building is 4,800, resulting in a price per square foot of $252.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,210,000
• Units: 6
• Price Per Unit: $201,666
• Square Footage: 4,800
• Price Per Square Foot: $252
• Buyer: Ahmed Family
• Seller: Sorrentino Family
• Broker: John Brennan - Marcus & Millichap

John Brennan represented the seller, Sorrentino Family, in this transaction. The property was delivered fully rent-stabilized, featuring 4 vacant units in a premium location of Bay Ridge.