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.
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