Morris Sabbagh Acquires Multifamily Property At 447 Keap Street For $6.3M With Marcus & Millichap

The property asset involved in the transaction is located at 447 Keap Street in Brooklyn. The asset type is multifamily, consisting of 6 units. The sale price for the property was $6,300,000, with a price per unit of $1,050,000. The total square footage is 7,410, resulting in a price per square foot of $850.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 447 Keap Street
• Market: Brooklyn
• Units: 6
• Price Per Unit: $1,050,000
• Square Footage: 7,410
• Price Per Square Foot: $850
• Buyer: Morris Sabbagh
• Seller: CW Realty
• Brokers: Shaun Riney, Michael Salvatico & Daniel Greenblatt - Marcus & Millichap

The deal was co-brokered with Emil Shabot of KSR, and it was an all cash purchase, with no mortgage involved in the transaction.