Node Brooklyn Sells Multifamily Assets In Bushwick For $16.3M

The multifamily property located at 308 Eldert Street, 1370 Greene Avenue, 163 St. Nicholas Avenue, and 352 Weirfield Street in Bushwick has been sold. The sale was facilitated by Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL on behalf of the seller, Node Brooklyn - Anil Khera. The transaction took place on 12/22/2021 with a sale price of $16,300,000. The property consists of 24 units with an average price per unit of $679,167. The total square footage is 17,200, resulting in a price per square foot of $948.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,300,000
• Total Units: 24
• Average Price Per Unit: $679,167
• Total Square Footage: 17,200
• Price Per Square Foot: $948

Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL represented the seller, Node Brooklyn - Anil Khera, in this transaction.