Rock Farmer Properties Acquires Multi-family Property On Henry Street In Brooklyn For $11.8M

Located in Brooklyn, the multi-family property at 439-441 Henry Street was recently sold in a closed transaction. The sale took place on November 6, 2018, with a total transaction amount of $11,800,000. The property offers a gross square footage of 18,976 and is situated in a desirable market.

Summary of transation details

• Property Type: Multi-family
• Transaction Amount: $11,800,000
• Address: 439-441 Henry Street, Brooklyn
• Market: Brooklyn
• Buyer: Rock Farmer Properties - John Petras
• Seller: Ed Slatwinski & Frances Varron
• Brokers: Matt Fotis & Dylan Renicker @marcusmillichap_ny @triboroughmultifamily
• Gross Square Feet: 18,976
• Price Per Square Foot: $621.84
• Capitalization Rate: 4.83%

The buyer of the property, Rock Farmer Properties represented by John Petras, acquired the multi-family asset from the seller, Ed Slatwinski & Frances Varron. The sale was facilitated by brokers Matt Fotis and Dylan Renicker from Marcus & Millichap and Triborough Multifamily. This transaction showcases the collaborative efforts of the key individuals and companies involved.