Holmes Family Purchases Multifamily Property From Ruggeri Family In Brooklyn For $5.9M

The property involved in this transaction is a multifamily asset located at 271 Union Street in Brooklyn. It was sold for a price of $5,900,000 and encompasses a total square footage of 7,500, resulting in a price per square foot of $786.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Address: 271 Union Street
• Market: Brooklyn
• Square Footage: 7,500
• Price Per Square Foot: $786
• Buyer: Holmes Family
• Seller: Ruggeri Family
• Buyer's Representative: Michael Zats - Brooklyn Heights Real Estate

The buyer, Holmes Family, was represented in this transaction by Michael Zats from Brooklyn Heights Real Estate. The seller of the property is the Ruggeri Family. A notable aspect of the transaction is that the asset was delivered vacant, highlighting its potential for new occupants.