Mike Niamonitakis Acquires Multifamily Property In Carrol Gardens, Brooklyn For $9M

A multifamily property in Carrol Gardens, Brooklyn has been sold for $9,000,000. The property, located at 356-360 Union Street, offers a total of 36 units spread across 24,253 square feet. The sale price per square foot was $371, and the price per unit was $250,000. The property has a capitalization rate of 5.52%. The transaction took place on August 28, 2020.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 356-360 Union Street
• Market: Carrol Gardens, Brooklyn

Mike Niamonitakis was the buyer of this property, while Ilan Goldstein was the seller. The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, Mike Salvatico, and Mark Zarrella.