Duke Properties Acquires 8-Unit Multifamily Property In Brooklyn For $3.375M

A multifamily property located at 54 Cumberland Street in Brooklyn, New York was recently sold for $3,375,000. The property spans 6,264 square feet and has a price per square foot of $539. It consists of 8 units, with an average price per unit of $421,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,375,000
• Address: 54 Cumberland Street, Brooklyn, New York
• Market: Brooklyn
• Square Footage: 6,264 sf
• Price Per Square Foot: $539
• Number of Units: 8
• Price Per Unit: $421,000

The seller of the property was 54 Cumberland Street LLC, represented by Mike Tomlin. The buyer, Duke Properties, was represented by Albert Dweck.