Akelius Real Estate Management Acquires MultiFamily In Brooklyn For $20.75M

The property involved in the transaction is a MultiFamily asset located at 409 14th St, Brooklyn, NY, 11215. The asset consists of seven contiguous buildings with 44 units, featuring a mix of rent-stabilized and free-market apartments. The sale price for this property was $20,750,000.00 in a deal involving Akelius Real Estate Management as the buyer and Deepak and Neera Raj as the seller.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,750,000.00
• Address: 409 14th St, Brooklyn, NY, 11215
• Market: Brooklyn
• Buyer: Akelius Real Estate Management
• Seller: Deepak and Neera Raj

Michael Stimler represented Akelius Real Estate Management in the transaction as their buyer's rep. The U.S. arm of the Swedish real estate giant Akelius acquired this property as part of a larger deal, purchasing two other properties in the same vicinity. The acquisition included a total of 34 units at 181 and 182 Prospect Park West for $14.7 million. The portfolio acquisition encompasses a significant number of residential units across multiple buildings in Brooklyn.