JLL And Brown Harris Stevens Sell Bushwick Multifamily For $7.2M

Located in Bushwick, the multifamily property at 14 & 17 Locust Street recently changed hands in a closed transaction. Representing the seller, Ari Harkov from Brown Harris Stevens, along with Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL, facilitated the sale. The property, with a total square footage of 8,250, consists of 11 units. The sale price for this transaction was recorded at $7,215,000, resulting in a price per square foot of $874. The per unit price for this multifamily asset stands at $655,909.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,215,000
• Address: 14 & 17 Locust Street
• Market: Bushwick
• Tax Class: 2A
• SF: 8,250
• Price per Square Foot: $874
• Units: 11
• Price per Unit: $655,909

The transaction involved a team of brokers, with Ari Harkov representing the seller through Brown Harris Stevens and Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford representing the buyer through JLL.