Gaia Real Estate Holdings Acquires Multifamily In Williamsburg For $80M

The multifamily property located at 55 Hope St. in Williamsburg has been sold in a recent transaction. The property spans over an area of approximately 89,000 square feet and consists of 117 units. The selling price for this property was $80,000,000, resulting in a per unit price of $683,760. The price per square foot was calculated at $898.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Units: 117
• Price per Unit: $683,760
• Square Footage: 89,000
• Price per Square Foot: $898

The purchasing entity, Gaia Real Estate Holdings, led by Danny Fishman and David Kusy, acquired the property. On the other hand, Hope Street Capital acted as the seller in this transaction.