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Meridian Properties Acquires Multifamily Asset In Prospect Park South, Brooklyn From The Stern Family

Property Image
SOLD
$7,400,000
Daniel Greenblatt
Shaun Riney
+ 1

New York

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MultiFamily
Sold 02/28/2022
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Property Image
SOLD

Meridian Properties Acquires Multifamily Asset In Prospect Park South, Brooklyn From The Stern Family

36 Crooke Avenue, Brooklyn, New York 11226, United States

See Similar Deals
MultiFamily
Sold 02/28/2022
Daniel Greenblatt
Shaun Riney
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 36 Crooke Avenue in Prospect Park South, Brooklyn was recently sold. The property consists of 71 units with a total square footage of 51,582. The sale price for this transaction was $7,400,000, resulting in a price per unit of $104,225 and a price per square foot of $143.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,400,000
  • Address: 36 Crooke Avenue
  • Market: Prospect Park South, Brooklyn
  • Buyer: Meridian Properties - Mike Niamonitakis & Mike Neamonitakis
  • Seller: The Stern Family
  • Brokers: Dan Greenblatt, Shaun Riney & Zalman Yarmush - Marcus & Millichap
  • Units: 71
  • Price per Unit: $104,225
  • Square Footage: 51,582
  • Price per Square Foot: $143

Leading the transaction were brokers Dan Greenblatt, Shaun Riney, and Zalman Yarmush from Marcus & Millichap. They facilitated the deal between the buyer, Meridian Properties represented by Mike Niamonitakis and Mike Neamonitakis, and the seller, The Stern Family.

Players

Zalman Yarmush
25 deals$90.8M volume(347) 534-7267
BROKER

Daniel Greenblatt
Marcus & Millichap
69 deals$263.4M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Details

SOLD
IMAGE: Dan Greenblatt, Shaun Riney & Zalman Yarmush DATE: 02/28/2022 ADDRESS: 36 Crooke Avenue MARKET: Prospect Park South, Brooklyn ASSET TYPE: Multifamily BUYER: Meridian Properties - Mike Niamonitakis & Mike Neamonitakis SELLER: The Stern Family BROKERS: Dan Greenblatt (@DealBlatt), Shaun Riney (@ShaunRiney1) & Zalman Yarmush (@ZalmanYarmush) - Marcus & Millichap SALE PRICE: $7,400,000 UNITS: 71 ~ PPU: $104,225 SF: 51,582 ~ PPSF: $143

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