Patel Holdings Acquires Multifamily Property In Brooklyn For $2.975M

The multifamily property located at 330 9th Street in Brooklyn, New York, was recently sold in a closed off-market transaction. The property spans over 3,750 square feet and has a price per square foot of $793. The transaction was completed at a price of $2,975,000, representing a 5% cap rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,975,000
• Square Footage: 3,750 sf
• Price per Square Foot: $793
• Seller: Divireth Metha
• Buyer: Patel Holdings

In this off-market transaction, David Gomez from Fountain Realty Group acted as the broker representing both the seller, Divireth Metha, and the buyer, Patel Holdings.