An attractive multifamily property located at 275 South 5th Street in Williamsburg, Brooklyn, was recently sold in a closed transaction. The property comprises 177 units, with a total square footage of 340,000. The sale price for this multifamily asset was $157,500,000, resulting in a price per unit of $889,830, and a price per square foot of $463.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $157,500,000
• Address: 275 South 5th Street
• Market: Williamsburg, Brooklyn

The deal was facilitated by the brokerage firm Cushman & Wakefield. The buyer, NH Investment & Securities, acquired the property from the sellers, Tavros Capital Partners and Charney Companies. The transaction was represented by brokers Adam Spies, Adam Doneger, Marcella Fasulo, and Daniel OBrien, who are associated with Cushman & Wakefield.