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

Property Image
SOLD
$11,800,000

New York

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MultiFamily18,976 SF
Sold 11/06/2018
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Property Image
SOLD

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

439 North Henry Street, Brooklyn, NY 11222

See Similar Deals
MultiFamily18,976 SF
Sold 11/06/2018
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$621
Total Square Footage:18,976 SF
Transaction Type:Sale

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.

Players

Matt Fotis
111 deals$598M volume(212) 430-5234
BROKER

Dylan Renicker
5 deals$37.6M volume
BROKER

John Petras
4 deals$11.8M volume
BUYER

Details

SOLD
IMAGE: Matt Fotis and Dylan Renicker DATE: 11/6/2018 ADDRESS: 439-441 Henry Street MARKET: Brooklyn ASSET TYPE: Multi-family BUYER: Rock Farmer Properties - John Petras SELLER: Ed Slatwinski & Frances Varron BROKERS: Matt Fotis & Dylan Renicker @marcusmillichap_ny @triboroughmultifamily PRICE: $11,800,000 GROSS SQUARE FEET: 18,976 PPSF: $621.84 CAP RATE: 4.83%

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