James Grasso Purchases 445 Grand Street Multifamily Asset From Doris Vila For $3.55M

The property involved in this transaction is a multifamily asset located at 445 Grand Street, East Williamsburg, Brooklyn. The sale price was $3,550,000, with a total square footage of 4,875 and a price per square foot of $729. The building was delivered vacant and includes an additional 7,125 square feet of unused air rights.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,550,000
• Address: 445 Grand Street
• Market: East Williamsburg, Brooklyn
• Square Footage: 4,875
• Price Per Square Foot: $729
• Buyer: James Grasso
• Seller: Doris Vila
• Brokers: Michael Salvatico, Shaun Riney & Harrison Rich - Marcus & Millichap

The New York Multifamily team facilitated the transaction, achieving a record price per buildable square foot for the block after a competitive bidding process. The brokers are actively marketing similar products in North Brooklyn, inviting inquiries for potential opportunities.