Wharton Properties Acquires Multi Family Property In Brooklyn For $2.2M

The multi-family property located at 359 12th Street in Brooklyn, New York, has recently been sold in a closed transaction. The property spans over 6,720 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $327. The sale was facilitated by Marcus & Millichap’s broker, Matt Fotis, and Wharton Properties – Jeff Sutton & Joseph Sutton acted as the buyer.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $2,200,000
• Square Footage: 6,720 sf
• Price per Square Foot: $327
• Seller: Guido Sica
• Buyer: Wharton Properties – Jeff Sutton & Joseph Sutton
• Broker: Marcus & Millichap’s Matt Fotis

Leading the deal on behalf of the buyer, Wharton Properties – Jeff Sutton & Joseph Sutton, were Matt Shapiro and Wharton Properties – Joseph Sutton & Jeff Sutton.