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310 12th Street

Matt Fotis Of Marcus & Millichap Sells Multifamily Property At 310 12th Street For $4.4M
SOLDMultiFamily

Matt Fotis Of Marcus & Millichap Sells Multifamily Property At 310 12th Street For $4.4M

310 12th Street

$4,400,000

$300/SF

Building Size

14,644 SF

Asset Type

MultiFamily

Closing

Jul 27, 2026

AI

The property involved in this transaction is a MultiFamily asset located at 310 12th Street in Brooklyn. The sale price was $4,400,000, which translates to a price per unit of $220,000. The total square footage of the building is 14,644, resulting in a price per square foot of $300. This asset consists of 20 units, offering significant housing opportunities within the market.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,400,000
  • Units: 20
  • Price Per Unit: $220,000
  • Square Footage: 14,644
  • Price Per Square Foot: $300
  • Date of Transaction: 07/27/2026
  • Broker: Matt Fotis - Marcus & Millichap

Matt Fotis represented the seller in this transaction through his agency, Marcus & Millichap, facilitating the deal for the MultiFamily property in Brooklyn.

Players

Matt Fotis

Marcus & Millichap

Broker

$611.5M

vol

113 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93