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275 South 5th Street
SOLD

NH Investment & Securities Acquires Multifamily Property In Williamsburg, Brooklyn For $157.5M

275 South 5th Street

MultiFamily
340,000 SF
clock iconSold 1 year ago
Marcella Fasulo
Daniel (Dan) O'Brien
Adam Spies
+ 2
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Summary

Sale
NEW YORK
MultiFamily
340,000 sqft

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.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Marcella Fasulo's profile picture
Marcella Fasulo
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Executive Vice Chairman
$11.1B Sold

Details

Deal Summary
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SOLD
IMAGE: Adam Spies, Adam Doneger, Daniel OBrien & Marcella Fasulo DATE: 05/06/2022 ADDRESS: 275 South 5th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BUYER: NH Investment & Securities SELLER: Tavros Capital Partners & Charney Companies (@CharneyCompanies) (@Charney_Re) BROKERS: Adam Spies, Adam Doneger (@ADoneger), Marcella Fasulo (@MMFasulo) & Daniel OBrien - Cushman & Wakefield (@CushWake) SALE PRICE: $157,500,000 UNITS: 177 ~ PPU: $889,830 SF: 340,000 ~ PPSF: $463

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Address275 South 5th Street

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