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Jin Wei Zeng Acquires Multifamily Building In Prospect Heights For $3.15M

Property Image
SOLD
$3,150,000
Jason Farese
Jay Greenberg
Andrew Bronsteen
+ 1

New York

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MultiFamily5,826 SF
Sold 01/23/2024
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Property Image
SOLD

Jin Wei Zeng Acquires Multifamily Building In Prospect Heights For $3.15M

536 Bergen Street

See Similar Deals
MultiFamily5,826 SF
Sold 01/23/2024
Jason Farese
Jay Greenberg
Andrew Bronsteen
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$540
Total Square Footage:5,826 SF
Transaction Type:Sale

A multifamily property located at 536 Bergen Street in Prospect Heights, Brooklyn, has been sold for $3,150,000. The property consists of 6 units with an average price per unit of $525,000. It has a total square footage of 5,826, with a price per square foot of $541.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Address: 536 Bergen Street
  • Market: Prospect Heights, Brooklyn
  • Units: 6
  • Price per Unit: $525,000
  • Square Footage: 5,826
  • Price per Square Foot: $541

The buyer of the property is Jin Wei Zeng, while the seller is Jay Greenberg. The deal was facilitated by brokers Shaun Riney, Andrew Bronsteen, and Jason Farese from Marcus & Millichap. Special thanks were given to Steven Noto, the seller's counsel from Noto & Noto PLLC, and congratulations were extended to Chris Panagos, the buyers' representative.

Players

Andrew Bronsteen
Marcus & Millichap
Andrew Bronsteen
64 deals$257.5M volume
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
355 deals$1.8B volume(718) 475-4369
BROKER
Jay Greenberg
Z+G Property Group
Jay Greenberg
6 deals$42.4M volume
BROKER
Jason Farese
Marcus & Millichap
Jason Farese
24 deals$84.6M volume(718) 475-4352
BROKER
Jay Greenberg
Jay Greenberg
6 deals$42.4M volume
SELLER

Details

SOLD
IMAGE: Andrew Bronsteen, Shaun Riney & Jason Farese DATE: 01/23/2024 ADDRESS: 536 Bergen Street MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Jin Wei Zeng SELLER: Jay Greenberg BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BkBronsteen) & Jason Farese (@JRFaresenymf) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,150,000 UNITS: 6 ~ PPU: $525,000 SF: 5,826 ~ PPSF: $541 NOTE FROM BROKER: Special thanks to Steven Noto, seller’s counsel, of Noto & Noto PLLC, for being a part of an excellent selling team and congratulations and great work to buyers’ rep, Chris Panagos

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